Accountancy, asked by varundhumal1, 18 days 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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