The objective of departmental account is to
FINANCIAL
JAMB 2016
The objective of departmental account is to
- A. ascertain the amount of profits or losses for the enterprise
- B. ascertain the amount of profits or losses for each department
- C. ascertain the cost of running the organization
- D. offset the loss of each department
Correct Answer: B. ascertain the amount of profits or losses for each department
Explanation
The main objectives of departmental accountingare: To check out an interdepartmental performance. To evaluate the performance of the department with the previous period result. The gross profit of eachdepartment can be ascertained.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *