JAMB Accounting 2011 Objective — Question 32

Question 32 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

The major objective of departmental accounts is to ascertain the

A. A. contribution of each department to profitCorrect
B. B. materials sold in each department
C. C. insurance premium payable on employees
D. D. number of employees in each department

Explanation

A departmental account is adopted to monitor the progress and contribution of each department to the organization as a whole, particularly its contribution to profit.

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