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State the advantages of departmental accounting.

      

State the advantages of departmental accounting.

  

Answers


Winnie
Easy to ascertain the profitability of each department

Provides a means of controlling departmental sales and profits

Stimulates healthy competition among departments which leads to efficiency in managing the business

Quickly reveals loss-making departments which maybe closed down or may be re-organised more efficiently

Provides financial accounting information for comparing results of different departments for different years especially if the accounts and records are prepared in columnar form
Wincate 1 answered the question on October 12, 2017 at 15:38


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