WAEC Accounting 2015 Objective — Question 41
Question 41 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following expenses is allocated according to the floor area?
- A. Wages and salaries
- B. Rent and ratesCorrect
- C. Canteen expenses
- D. Discount allowed
Explanation
Rent and rates relate to the size/space of the office/premises occupied, and are therefore allocated (apportioned) based on floor area.
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