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WAEC Financial Accounting 2015 Question 41

Question 41

Departmental Accounts

Which of the following expenses is allocated according to the floor area?

  1. A.Wages and salaries.
  2. B.Rent and rates.
  3. C.Canteen expenses.
  4. D.Discount allowed.
Show the answer and explanation

Answer: B (Rent and rates.)

Explanation

Rent and rates relate to space, so they are shared between departments by floor area.