Discount received is apportioned to each department on the basis of?

By: |Published on: Jan 10|Categories: Accounting WAEC| 0 comments

A. Floor area
B. Turnover
C. Purchases
D. Horse-power

Correct Answer: Option C

C. Purchases

Explanation

Discount received suggested basis of allocation is purchased. It should be noted that the basis of the allocation of expenses will depend on the method specified in the examination.

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