JAMB Accounting 2012 Objective — Question 33

Question 33 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2012 Objective paper, with the correct answer and a full explanation.

The main advantage of a departmental account is that its

A. expenses are shared
B. gross profit is computedCorrect
C. net profit is computed
D. balance sheet is obtained

Explanation

The main advantage of a departmental account is that its gross profit is computed for each department.

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