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

Similar Questions

Use the following information to answer the given question \(\begin{array}{c|c} & D\\ \hline \t...

Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNT \(\begin...

Every asset should have ...

In government accounting , the method used which records on the basis of financial entity with self ...

Agreement between partners is contained in the partnership ...

The amount of money granted by government to public institutions to meet recurrent expenditure durin...

Where the cash book does not show a credit balance in a bank reconciliation: Unpresented cheques are...

Which of the following items is found in the sales ledger control account? ...

A source document is used for verifying the? ...

Given:  Stock (1/4/94) N800 Purchases of flour N2450 Sales N4745 Wages of bakery staff N675...