ACCOUNTING

JAMB 2003 - Question 33

Account 2003 JAMB Past Questions - Question 33: A company has departments M and N. The expense incurred wholly in M is N5 000. General expenses incurred amount to N25 000. Expenses are apportioned in the ratio 2:3 for departments M and N respectively. What is N's share of the expenses?

Choose the most appropriate option for the gap .
A company has departments M and N. The expense incurred wholly in M is N5 000. General expenses incurred amount to N25 000. Expenses are apportioned in the ratio 2:3 for departments M and N respectively. What is N's share of the expenses?
A:
B:
C:
D:
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Correct Answer

B

Explanation