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The objective of departmental account is to

Accounts - Principles of Accounts
JAMB 2016

The objective of departmental account is to

  • A. ascertain the amount of profits or losses for the enterprise
  • B. ascertain the amount of profits or losses for each department
  • C. ascertain the cost of running the organization
  • D. offset the loss of each department
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Correct Answer: Option B
Explanation

The main objectives of departmental accountingare: To check out an interdepartmental performance. To evaluate the performance of the department with the previous period result. The gross profit of eachdepartment can be ascertained.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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