Accounting JAMB

What is N’s share of the expense?

A company has departments M and N. The expenses incurred wholly in M is N5000. General expenses incurred amount toN25000. Expenses are apportioned in the ratio 2:3 for departments M and N respectively.

A. N10 000
B. N15 000
C. N18 000
D. N20 000

Correct Answer:

Option B – N15 000

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