JAMB Accounting Past Questions & Answers - Page 172

Which of the following is a common cause of a discrepancy between head office and branch trial balance?

One of the purposes of maintaining the account of a branch at the head office is to?

.........................     Departments
...........................                      P                Q                R
Sales value...............                           N23,400
Selling expenses..........      1,100         N1,400         N1,280
Administrative expenses...N1,400       N1,000          N1,020
Cost of sales.............      N6,900....    N6,700           N5,500

Sales value of department Q doubles that of p, which is 1/3 of R. Depreciation which amounts to N1,800 is to be apportioned among the three departments in the ratio 3:5:7 respectively.

Determine the total expenses of department P?

.....................Departments
.....................   P                Q                R
Sales value...............                           N23,400
Selling expenses..........      1,100         N1,400         N1,280
Administrative expenses...N1,400       N1,000          N1,020
Cost of sales.............      N6,900....    N6,700           N5,500

Sales value of department Q doubles that of p, which is 1/3 of R. Depreciation which amounts to N1,800 is to be apportioned among the three departments in the ratio 3:5:7 respectively.

What is the sales value of department R?

 

i. Space occupied by each department.
ii. Average value of stock held by each department.
iii. Departmental turnover.
iv. Number of articles sold by each department .

From the information above, the two most logical bases for apportioning expenses that are common to departments are?