Departmental accounting/Functional accounting/SNS Institutions
Автор: Muthuselvi M.
Загружено: 2026-01-26
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Departmental accounting
Departmental accounting system, each department has its own book of accounts. A business creates and keeps separate accounts for various divisions within its organisation. Doing so will help assess each division’s performance fairly.
To create financial statements for the company, separate books of accounts get combined. The goal is to keep track of all the costs and income in a different book of accounts. This makes it easier and more accurate to assess each branch's profitability. Plus you can determine what's operating below capacity and search for ways to improve.
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