JAMB - Accounts Principles Of Accounts (2016 - No. 39)
A business organization prepares departmental account in order to
asertian the contribution of each department to the organization
ascertain interdepartmental transfer
build other branches
know the number of departments in the organization
Explanation
The main objectives of departmental accounting are: To check out an interdepartmental performance. To evaluate the performance of the department with the previous period result. The gross profit of each department can be ascertained.
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