Tell Me What Is Departmental Accounting?

1.	Tell Me What Is Departmental Accounting?
Answer» Departmental accounting means account prepared SEPARATELY for the DEPARTMENT and here ledgers will be OPENED trial balance will be prepared, also p&l account will be prepared, and profit or LOSS is INCLUDED in the main p&l account and shown in the balance sheet. Departmental accounting means account prepared separately for the department and here ledgers will be opened trial balance will be prepared, also p&l account will be prepared, and profit or loss is included in the main p&l account and shown in the balance sheet.

Answer»

Departmental accounting means account prepared SEPARATELY for the DEPARTMENT and here ledgers will be OPENED trial balance will be prepared, also p&l account will be prepared, and profit or LOSS is INCLUDED in the main p&l account and shown in the balance sheet.

Departmental accounting means account prepared separately for the department and here ledgers will be opened trial balance will be prepared, also p&l account will be prepared, and profit or loss is included in the main p&l account and shown in the balance sheet.

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