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

Question 41:

• JAMB 2013

The objective of departmental account is to

A. Ascertain the cost of running the organization
B. Ascertain the amount of profit or loss for each department
C. Ascertain the amount of profits for losses for the enterprises
D. Offset the loss of each treatment

Question 42:

• JAMB 2014

In a departmental account, where no basis of apportionment exist, apportionment is

A. On profit basis
B. According to employee decision
C. According to material available
D. On equal basis

Question 43:

• JAMB 2014

In a departmental account, the expenses to be apportioned on the basis of turnover is

A. Carriage inwards
B. Returns outwards
C. Discount recieved
D. Carriage outwards

Question 44:

• JAMB 2015

Use the information below to answer this question.
A business has three departments x, y and z
You are given the following information
Selling and distribution expenses N5200
Rent for the yearN6000
Department turnover floor space in square metres
X N60,000 80
Y N80,000 60
Z N100,000 60
How much rent is apportioned to department Z?

A. N1, 500
B. N3, 000
C. N1, 800
D. N2, 000

Question 45:

• JAMB 2015

Use the information below to answer this question.
\(\begin{array}{c|c}
\hline & \text{Dept A} & \text{Dept B} \\
\hline
\text{Sales} & 180,000 & 150,000 \\
\hline
\text{Cost of sales} & 79,000 & 85,000 \\
\hline
\text{Expense} & 28,000 & 40, 000 \\
\end{array}\)
How much is the gross profit for department A?

A. N101,000
B. N73,000
C. N79,000
D. N152,000