The main advantage of a departmental account is that its<...
The main advantage of a departmental account is that its
Expenses are shared
Gross profit is computed
Net profit is computed
Balance sheet is obtained
Correct answer is B
The most significant advantages of departmental accounts are: Individual results of each department are known which helps to compare the performances among all the departments, i.e., the trading results can be compared. Departmental accounts help to understand or locate the success, failure, rates of profit, etc.
The sum of direct cost in a manufacturing account is ...
Use the following information to answer the given question \(\begin{array}{c|c} & \text{1/1/8...
\(\begin{array}{c|c} & ₦\\ \hline \text{Opening debtors} & 40,000\\ \text{Opening creditor...
Which of the following is related to debtors account? ...
Use the following information to answer the given question \(\begin{array}{c|c} \text{1/1/06 Debt...
\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...
Which of the following is not part of cost of production? ...
The main objective of accounting report is to provide information about? ...