UNIT‐III

Allocation and Apportionment of expenses

Allocation and Apportionment of expenses- Allocation and apportionment of expenses are accounting methods used to distribute costs to different departments, projects, or products within an organization. Here’s a breakdown of…

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Objectives of Departmental Accounting

Objectives of Departmental Accounting- The objectives of Departmental Accounting are: Performance Evaluation: To evaluate the performance of each department separately, by tracking revenues, expenses, and profits. Cost Control: To identify…

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Meaning and Definition of Departmental Accounting

Meaning and Definition of Departmental Accounting- Departmental Accounting refers to an accounting system where the financial activities of each department within a larger organization are tracked separately. This system allows…

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