Question

29) The unallocable expenses under departmental accounting are to be debited to---
a) Departmental Profit and Loss Account
b) Balance Sheet
c) General Profit and Loss Account
d) Assets Accounts​

Answer 1

Answer:

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Answer 2

DEPARTMENTAL ACCOUNTING

The unallocable expenses under departmental accounting are to be debited to (C) general profit and loss account.

GETTING TO KNOWS MORE ABOUT DEPARTMENTAL ACCOUNTING:

* Departmental accounting is an accounting system used by organisations to manage the accounts of their various departments in separate books, i.e., a separate trial balance and profit and loss account is prepared for each department, and at the end of the year, the balances of each department are transferred to the general profit and loss account, which is prepared to determine a firm's overall profitability.

* Trading and profit & loss accounts are produced by organisations to determine the profit or loss suffered by each department, and each department's account is closed by transferring its profit or loss to the general profit and loss account.