Question

explain about departmental accounts​

Answer 1

Departmental Accounting refers to maintaining accounts for one or more branches or departments of the company. Revenues and expenses of the department are recorded and reported separately. The departmental accounts are then consolidated into accounts of the head office to prepare financial statements of the company.

Answer 2

Answer:

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ᴅᴇᴘᴀʀᴛᴍᴇɴᴛᴀʟ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ʀᴇғᴇʀs ᴛᴏ ᴍᴀɪɴᴛᴀɪɴɪɴɢ ᴀᴄᴄᴏᴜɴᴛs ғᴏʀ ᴏɴᴇ ᴏʀ ᴍᴏʀᴇ ʙʀᴀɴᴄʜᴇs ᴏʀ ᴅᴇᴘᴀʀᴛᴍᴇɴᴛs ᴏғ ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ. ʀᴇᴠᴇɴᴜᴇs ᴀɴᴅ ᴇxᴘᴇɴsᴇs ᴏғ ᴛʜᴇ ᴅᴇᴘᴀʀᴛᴍᴇɴᴛ ᴀʀᴇ ʀᴇᴄᴏʀᴅᴇᴅ ᴀɴᴅ ʀᴇᴘᴏʀᴛᴇᴅ sᴇᴘᴀʀᴀᴛᴇʟʏ. ᴛʜᴇ ᴅᴇᴘᴀʀᴛᴍᴇɴᴛᴀʟ ᴀᴄᴄᴏᴜɴᴛs ᴀʀᴇ ᴛʜᴇɴ ᴄᴏɴsᴏʟɪᴅᴀᴛᴇᴅ ɪɴᴛᴏ ᴀᴄᴄᴏᴜɴᴛs ᴏғ ᴛʜᴇ ʜᴇᴀᴅ ᴏғғɪᴄᴇ ᴛᴏ ᴘʀᴇᴘᴀʀᴇ ғɪɴᴀɴᴄɪᴀʟ sᴛᴀᴛᴇᴍᴇɴᴛs ᴏғ ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ.