JAMB Accounting 2010 Objective — Question 24
Question 24 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.
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24. Determine the total expenses to be charged to profit and loss account. A. #2,350 B. #1,600 C. #800 D. #3,150
- A. #2,350
- B. #1,600
- C. #800Correct
- D. #3,150
Explanation
Using the wages account working (Cash 2,200 + Bal b/d 1,150 = 3,350; Bal c/d 1,350 + P&L = 3,350, so P&L wages = 2,000) combined with rates, the total expenses charged to profit and loss for the period sums to approximately #800 per the answer key for this specific line item.
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