Departmental Accounts - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 31:

• JAMB 2009

Use the information to answer questions
......................... Departments
........................... P Q R
Sales value............... N23,400
Selling expenses.......... 1,100 N1,400 N1,280
Administrative expenses...N1,400 N1,000 N1,020
Cost of sales............. N6,900.... N6,700 N5,500
Sales value of department Q doubles that of p, which is 1/3 of R. Depreciation which amounts to N1,800 is to be apportioned among the three departments in the ratio 3:5:7 respectively.
Determine the total expenses of department P?

A. 9,760
B. 9,400
C. 2,860
D. 2,500

Question 32:

• JAMB 2010

The Akachala Limited has four department W, X Y and Z. The profits or loss of the departments were N20 000 loss, X N25 profit, Y were N30 000 loss and Z N1800 profit. How much is the net profit or loss of the company?

A. N7 000 loss
B. N5 000 loss
C. N5 000 profit
D. N7 000 profit

Question 33:

• JAMB 2010

How much rent is apportioned to department K?

A. N1200
B. N1800
C. N2000
D. N750

Question 34:

• JAMB 2010

How much selling and distribution expenses is apportioned to department M?

A. N 800
B. N 600
C. N400
D. N1800

Question 35:

• JAMB 2011

The major objective of departmental accounts is to ascertain the?

A. Contribution of each department to profit
B. Materials sold in each department
C. Insurance premium payable on employees
D. Number of employees in each department