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JAMB Principles of Accounts 2013 Question 39

Question 39

Departmental Accounts

When there is no basis of apportionment in an organization, the expenses should be apportioned based on

  1. A.sales.
  2. B.purchases.
  3. C.equality.
  4. D.floor space.
Show the answer and explanation

Answer: C (equality.)

Explanation

With no fair basis, the expense is shared equally among the departments.