What is the Advantage(s) of Having Departmental Accounting

 This article looks at some of following reasons / justifications / advantages of having department accounts 

Advantages

      Each department is viewed as separate profit centre where department accounts is useful to evaluate performance of individual department by ascertaining trading, profit or loss of each department

       The financial results namely trading profit or loss of each department [...]

July 2, 2008  Tags: departmental accounting, What is  Posted in: Others  No Comments


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