Accountancy, asked by adityarajadityaraj22, 11 months ago

what do you mean by departmental accounts?​

Answers

Answered by grandcity98
5

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.

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