JAMB Accounting 2013 Objective — Question 39

Question 39 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2013 Objective paper, with the correct answer and a full explanation.

When there is no basis of apportionment in an organization, the expenses should be apportioned base on

A. sales
B. purchases
C. equalityCorrect
D. floor space

Explanation

If there is no clear basis for apportionment, the expenses should simply be shared equally.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2013 Objective More Accounting past papers