Tags Business and Industry

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

What is departmental account?

Anonymous

∙ 12y ago

Updated: 9/14/2023

some organizations may divide their operation into separate departments. therefore, the trading result of each department must be ascertained. departmental accounting aims at separating the several activities of a business in order to compare results and to assist the proprietorin formulating police e.g a dearler selling radio, television, recod players can prepare the accounts separately to deal with each department. it is conveninet to separate tthe operations of each of department.

Wiki User

∙ 12y ago

Still curious? Ask our experts.

Chat with our AI personalities

Vivi

Your ride-or-die bestie who's seen you through every high and low.

Chat with Vivi

Devin

I've poured enough drinks to know that people don't always want advice—they just want to talk.

Chat with Devin

Lao

The path is yours to walk; I am only here to hold up a mirror.

Chat with Lao

Add your answer:

Earn +20 pts

Q: What is departmental account?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

What is the nature and purpose of departmental account?

access the objectives of departmental accounts within the context of corporate management

Sums with solution of departmental accounting?

3+2

What is considered NOT a Departmental Accountable Official?

A rabid dog.

Who retains your appointment letter If you are a Departmental Accountable Official?

If you are a Departmental Accountable Official, who retains your appointment letter

Departmental Accoutable Officials are designated by?

The Head of the DoD Component or designee

Trending Questions

Can you file as an injured spouse for a tax refund if your husband had an affair and a baby and must now pay child support? Are accounts payableand notes payable listed under current-noncurrent classification? How does the Canadian government collect revenue? What are the cost drivers which are used in apportioning overheads cost under activity based budgeting? What are the advantages of using special journals by an entity? Why is knwoledge of accounting concept and terminology useful to all individual engaged in business activities? Is charge-backs from commissions tax deductible? How do you calculate net credit sales? What do a waitress do? Why are people afraid of taxes? What is the tax id number for john jay college? What is time of transactions system? Why is earning profit considered as only one of the objectives of a business? Do i need to send a 1099 to state of Idaho? What type of depreciation method does the company probably use for income tax purposes? What is a w-8eci form? What is gross household income? How can someone transfer their IJJI account to Aeria without losing information? What is something unique about bill gates? Are there limits to how much cash you can take out at one time from your personal banking account?

Related Questions

Preparing departmental trading and profit and loss account?

When preparing departmental trading and a profit and loss account, expenses must be taken into account first. These include departmental expenses, and common expenses, including administrative expenses.

What is the nature and purpose of departmental account?

access the objectives of departmental accounts within the context of corporate management

In a departmental organization what is a gangplank?

In a departmental organization what is a gangplank?

What do you mean by departmental explain departmental briefly?

A department is a subdivision of an organisation - for instance the Geology department is the subdivision that studies/teaches Geology in a University. Therefore 'departmental' means belonging to a department - as in the departmental staff.

What will be Code for creating departmental store management system using JSP?

what is departmental store?

What are the features of departmental undertaking?

Departmental undertaking a business organisation hane several departments

What are the release dates for A Departmental Case - 1917?

A Departmental Case - 1917 was released on: USA: July 1917

What are departmental objectives?

The aims or goals of a business are set to the department. Might be developed by the departmental heads in conjunction with those who set organizational objectives. Objectives will sometimes be presented to departmental heads rather than agreed with them. Every single member of the department needs to be aware of the departmental objectives.

How are departmental rates calculated?

Departmental rates are calculated by dividing the weighted wage rate for the department by the number of employees.

What do you call a departmental system of rule?

bureaucracy

What is a departmental accountable official?

A rabid dog.

Definition of departmental training?

Departmental training is the process of bringing an entire department to an agreed standard. This concerns training in terms of proficiency, practice, or instruction.

Still have questions?

imp

Resources

Top Categories

Product

Company

Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.