WAEC Accounting 2018 Objective — Question 45
Question 45 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
Advertisement
The basis of apportionment of insurance on building in departmental accounts is
- A. floor space occupied by the departmentCorrect
- B. purchase cost of the building
- C. value of the building
- D. number of offices in the building
Explanation
Insurance on the building is typically apportioned based on the floor space occupied by each department.
Advertisement
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.