Accounting Question: Download Accounting PDF

What is Departmental Accounting? Give an example

Tweet Share WhatsApp

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.

Download Accounting PDF Read All 204 Accounting Questions
Previous QuestionNext Question
How to prepare finalization accounts?What is Service Tax & Excise? How will it be charged?