JAMB Accounting 2013 Objective — Question 42
Question 42 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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The objective of departmental account is to
- A. ascertain the cost of running the organisation
- B. ascertain the amount of profit or loss for each departmentCorrect
- C. ascertain the amount of profits or losses for the enterprise
- D. offset the loss of each department
Explanation
The departmental account is prepared with the aim of knowing the performance (profit or loss) of each department.
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