• 1 Marks

FA – Nov 2011 – L1 – SA – Q11 – Accounting Concepts

This question asks about the basis for apportioning discount received to departments that earned the income.

The basis of apportioning discount received to departments that earned the income is on the proportion of?

Purchases

Explanation: Discounts received are typically apportioned based on the proportion of purchases made by each department. This ensures that the benefit of the discount is allocated fairly according to the level of purchases each department made.

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