WAEC Financial Accounting 2026 Theory question 109

The following balances were extracted from the books of Bala Ventures for the year ended 31^st December 2023.
Department — Amount (Le)
Stock – 1^st January, 2023: Electronics 30,000; Clothing 25,000
Sales: Electronics 600,000; Clothing 400,000
Purchases: Electronics 300,000; Clothing 200,000
Carriage inwards 1,500
Carriage outwards 10,250
Advertising 8,400
Selling expenses 12,000
Salaries 23,000
Rates 14,200
Repairs 7,320
Electricity 45,000
Cleaning 60,000
Discounts allowed 4,300
Discounts received 2,500
Sundry expenses 16,800
Stationery 25,820
Stock – 31^st December 2023: Electronics 18,000; Clothing 12,000
Additional information:
Expenses are to be apportioned between the departments as follows: (i) Proportionate to purchases: carriage inwards, discounts received. (ii) Proportionate to sales: carriage outwards; advertising; selling expenses; discounts allowed. (iii) Total floor area occupied by electronics department is 3/5 and clothing department is 2/5. (iv) Electricity and cleaning expenses are to be apportioned on the basis of floor area occupied. (v) Other expenses are to be apportioned equally.
You are required to prepare Departmental, Trading, Profit and Loss Account for the year ended 31^st December, 2023. (Note: Total Column is not required)