what is departmental
accounts
Answers
◆Departmental account is a system that's allows the business to prepare departmental trading and profit and loss accounts in order that it can assess the profitability of each of these departments.
departmental
departmental accounts means :
departmental accounts means : Where a big business with diverse trading activities is conducted under the same roof the same is usually divided into several departments and each department deals with a particular kind of goods or service. For example, a textile merchant may trade in cotton, woolen and jute fabrics. The overall performance for this type of business depends, however, on departmental efficiency.
departmental accounts means : Where a big business with diverse trading activities is conducted under the same roof the same is usually divided into several departments and each department deals with a particular kind of goods or service. For example, a textile merchant may trade in cotton, woolen and jute fabrics. The overall performance for this type of business depends, however, on departmental efficiency.As a result, it is desirable to maintain accounts in such a manner that the result of each individual department can be known—together with the result as a whole. The system of accounting which is followed for this; purpose is known as Departmental ...
may this ans help u ..
thank u ..