Question

Explain the advantages of Departmental accounting.​

Answer 1

The most significant advantages of departmental accounts are: ADVERTISEMENTS: (a) 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.

Answer 2

Answer:

Here is your ans

Explanation:

(a) 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.