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Financial Accounting Paper 2, Nov/Dec 2010  
Questions: 1 2 3 4 5 6 7 8 9 Main
General Comments
Weakness/Remedies
Strength







Question 1

(a) What is the purpose of departmental accounts?
(b) State the basis for apportioning the following common expenses among departments:
           (i)carriage outwards;
           (ii)discounts allowed;
           (iii)bad debts;
           (iv)carriage inwards;
           (v)rates and insurance;
           (vi)distribution expenses.

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Observation

Majority of the candidates attempted this question and performed very well.

 
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