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JAMB Principles of Accounts 2011 Question 33

Question 33

Departmental Accounts

The major objective of departmental accounts is to ascertain the

  1. A.contribution of each department to profit
  2. B.materials sold in each department
  3. C.insurance premium payable on employees
  4. D.number of employees in each department.
Show the answer and explanation

Answer: A (contribution of each department to profit)

Explanation

Departmental accounts show how much profit each department makes.