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The rent expense for Trendy store is ₦3500. Trendy store has three departments; jewelry, hair...

Accounts - Principles of Accounts
JAMB 2018

The rent expense for Trendy store is ₦3500. Trendy store has three departments; jewelry, hair dressing, and clothing. The floor spaces occupied by the departments are 3:2:5 respectively. What is the rent allocated to clothing department?

  • A. ₦700
  • B. ₦1050
  • C. ₦1750
  • D. ₦3500
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WAEC offline past questions - with all answers and explanations in one app - Download for free
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Correct Answer: Option C
Explanation

Jewelry 3/10 x 3500 = 1050

  Hairdressing 2/10 x 3500 = 700

  Clothing 5/10 x 3500 = 1750

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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts