When a business is split ed up into a number of sections or division and they are situated under the same roof, these sections or divisions are known as Departments. Each departments may deal with different type of commodity. They maintain their accounting in a set of books. In such a condition, departmental Account refers to the maintenance of accounts of a business in a manner that makes it possible to ascertain the operational results of each activity/section/division/or department by preparing separate Trading and Profit and Loss Account. If business organisation is engaged in various lines of business, the preparation of Departmental Accounts is almost a financial necessity and managerial responsibility.
Departmental Accounting is a vital one for large prosperous business organizations. It controls wastage & misusing, compensates employee in terms of profit and commission, compares performance and progress of year to year or department to department or similar type of firm to firm, consolidates all kinds of operations or profitable lines, formulates suitable business policies for its expansion identifies the efficiency of its worker, serves to fulfill financial necessities and managerial responsibilities, and it evaluates employees contribution to the organization, etc
access the objectives of departmental accounts within the context of corporate management
accounts in which money is owed.
What is the meaning of Freight.
Inter Office Understanding
ROI In Accounts Stands for either " RATE OF INTEREST" or " RETURN ON INVESTMENTS"according to the reference given
access the objectives of departmental accounts within the context of corporate management
DEM1240608
A telephone number or extension that is dedicated to a particular business function of an organization. eg the sales department; the accounts department.
To doctor the accounts is to falsify the accounts.
accounts in which money is owed.
In a departmental organization what is a gangplank?
Account recivable that cannot be collected are known as uncollective accounts
The abbreviation stands for Accounts Management or Accounts Manager.
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.
Departmental undertaking a business organisation hane several departments
what is departmental store?
Inter Office Understanding