A business organization prepares departmental account in ...
A business organization prepares departmental account in order to
Ascertain the contribution of each department to the organization
Ascertain interdepartmental transfer
Build other branches
Know the number of departments in the organization
Correct answer is A
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.
Sales--------------- 120,000 Purchase-----------100,000 Opening stock-----10,000 Closing stock---...
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The petty cash account has an imprest of GH¢36,000 and a debit balance of GH¢10,000 at the...
Goods sent to branch are recorded in the head office's books at i. selling price ii. cost price ...
A business marked up its cost by 50%. This would mean a gross profit of ...