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WAEC Financial Accounting 2016 Question 43

Question 43

Departmental Accounts

Which of the following expenses is apportioned between departments based on sales?

  1. A.Discount received
  2. B.Electricity
  3. C.Carriage inwards
  4. D.Carriage outwards
Show the answer and explanation

Answer: D (Carriage outwards)

Explanation

Carriage outwards varies with goods sold, so it is shared in the ratio of departmental sales.