If you are preparing for an accounting aptitude test or even a job interview, these accounting questions and answers will help you master the principles of accounting. This test covers accounting past questions from WAEC, JAMB, Post UTME exams and many more.
How much selling and distribution expenses is apportioned to department M?
N800
N600
N400
N1800
Correct answer is A
Department difference M has a turnover of 89,000. That is 29,000 higher than department L and 49,000 higher than department K, This means department M has the highest selling and distribution cost because they sold the most. Hence the 1800 would be divided amongst the three departments in the ratio of their turnover
Department K = 400
L = 600
M = 800
total = 1800
N14,100
N14,000
N13,500
N12,900
N9,300
Correct answer is D
No explanation has been provided for this answer.
N10,000
N9,500
N5,800
N5,300
N5,200
Correct answer is C
No explanation has been provided for this answer.
How much rent is apportioned to department K?
N1200
N1800
N2000
N750
Correct answer is A
Since department K has the biggest shop space, its only fair that it pays the bigger chunk of rent. Hence it would be shared amongst the three department as;
Department k = 1200
L = 800
M = 1000
Total = 3000
N10,000
N9,700
N7,300
N7,000
N2,700
Correct answer is E
No explanation has been provided for this answer.