departmental accounts pdf

You are required to prepare trading and profit and loss accounts, in columnar form, to show the gross profit and net profit for each department for the year ended 31 

The main advantages of departmental accounting are as follows: 1 Evaluation of performance : The performance of each department can be evaluated separately  

The method of accounting employed to obtain such results is known as departmental accounting What is Department? Departments are different sections of 

Suman Ltd is a departmental store having three departments X, Y and Z The manager of each department is entitled to a commission of 10 of the net profit of the

Departmental Accounting System: an accounting system showing accounting information for two or more departments o Gross Profit is calculated for each 

You have learnt that departmental accounts aim at preparing Trading and Profit Loss Account of every department separately This needs specific data in 

In other words it refers to the account which provides details of each individual department are called departmental accounts Objectives of Departmental accounts:

Departmental accounts are prepared separately for each department and trial balance will also be prepared Departmental P&L Account is prepared to ascertain 

31 mar 2017 · Accounting • Costing • Taxation • Financial Management From the following, prepare Departmental Trading and Profit and Loss Account

download accounting pdf books and notes, front page u s department of the treasury, what is the purpose of an accounting department within an, departmental