passwella.
Menu

JAMB Principles of Accounts 2001 Question 44

Question 44

Departmental Accounts

X and Y are two departments that are to share 50% of all joint costs equally and the balance in the ratio 2 :1. If a sum of ₦150,000 is incurred jointly, what will be the portion attributable to X?

  1. A.₦37,500
  2. B.₦62,500
  3. C.₦87,500
  4. D.₦100,000.
Show the answer and explanation

Answer: C (₦87,500)

Explanation

Half (75,000) shared equally: X gets 37,500. The other 75,000 in 2:1: X gets 50,000. Total ₦87,500.