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.
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