Which of the following are advantages of departmental accounts?I. The department...
Question
Which of the following are advantages of departmental accounts?
I. The department making the highest profit can be easily determined
II. The capital of the business can be calculated easily
III. Easy knowledge of the sources of funding
IV. Encouragement of healthy rivalry among the various departments
Options
A)
I and IV only
B)
II and III only
C)
II and IV only
D)
III and IV only
The correct answer is A.
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