Advantages of departmental accounting explain the basis of allocation of various expenses amongst various departments.
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Individual result of each department can be known which helps to compare the performances among all the departments, i.e., the trading results can be compared.
(b) Departmental accounts help to understand or locate the success, failure, rates of profit, etc.
(c) It helps the management to make proper plan of action, policies in order to increase profit after analysing the results of operation of various departments.
(b) Departmental accounts help to understand or locate the success, failure, rates of profit, etc.
(c) It helps the management to make proper plan of action, policies in order to increase profit after analysing the results of operation of various departments.
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