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JAMB Principles of Accounts 2003 Question 33

Question 33

Departmental Accounts

A company has departments M and N. The expense incurred wholly in M is ₦5 000. General expenses incurred amount to ₦25 000. Expenses are apportioned in the ratio 2:3 for departments M and N respectively. What is N's share of the expenses?

  1. A.₦10.000
  2. B.₦15 000
  3. C.₦18 000
  4. D.₦20 000
Show the answer and explanation

Answer: B (₦15 000)

Explanation

Only the general expenses are shared: N gets 3/5 × 25 000 = ₦15 000. The ₦5 000 belongs wholly to M.