Accountancy, asked by varundhumal1, 6 hours ago

State the basis of allocation of the following expenses in departmental accounting.

Depreciation on machinery.

Commission

Lighting charges.

Carriage inwards.

Employee’s insurance premium.

Answers

Answered by ahkvjrta
0

Answer:

Employee’s insurance premium.

These are allocated among different departments in the proportion of a sound basis to which that particular expenditure is directly related. ... BUILDING REPAIR, RENTS AND TAXES, BUILDING INSURANCE ETC.: All the expenses related to the building should be divided according to the floor space occupied by each department.

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