WAEC Financial Accounting 2005 Question 42

Question 42

Departmental Accounts

Which of the following is apportioned in proportion to the purchases of each department?

  1. A.Discounts received
  2. B.Selling commission
  3. C.Bad debts
  4. D.Carriage outwards.
Show the answer and explanation

Answer: A (Discounts received)

Explanation

Discount received relates to purchases.