what do you mean by departmental accounts?
Answers
Answered by
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.
Similar questions
Computer Science,
5 months ago
Math,
5 months ago
English,
11 months ago
Math,
11 months ago
India Languages,
1 year ago