JAMB Accounting Past Questions & Answers - Page 114

566.

In a departmental account, where no basis of apportionment exist, apportionment is

A.

On profit basis

B.

According to employee decision

C.

According to material available

D.

On equal basis

Correct answer is D

No explanation has been provided for this answer.

570.

The value of the sales ledger control account is derived from the summation of

A.

The total debtor's account

B.

The total creditor's account

C.

All day books

D.

Both the debtor's and creditor's accounts

Correct answer is A

No explanation has been provided for this answer.