The excess of income over expenditure is usually transferred to the
In a departmental accounting system, which of the following expenses will most likely be apportioned on the basis of turnover
Given:
₦
Total debtors b/d 31/12/99 25,000
Cheques received from debtors 255,000
Total debtors c/d 31/12/00 15,000
Calculate the sales figure
Use the information below to answer the question
Gross profit b/d Less: Salaries and wages Electricity Depreciation Net profit c/d |
Dept A |
Dept B ₦ 4,000 1,200 ? ? 1,600 4,000 |
Total |
It is the tradition of the organization to apportion expenses in the proportion 60%:40% for A and B respectively.
What is the net profit made by department A?
Use the information below to answer the question
Gross profit b/d Less: Salaries and wages Electricity Depreciation Net profit c/d |
Dept A |
Dept B ₦ 4,000 1,200 ? ? 1,600 4,000 |
Total |
It is the tradition of the organization to apportion expenses in the proportion 60%:40% for A and B respectively.
The depreciation to be charged to department B is
