Question on: SS3 Accounting - Departmental Account - Meaning/Definition
What is a departmental account?
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A
A type of accounting system that separates the financial information of a business into different departments or segments
B
A type of accounting system that combines the financial information of a business into a single set of accounts
C
A type of accounting system that is only used in small businesses
D
A type of accounting system that is used only by accountants
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Correct Option: A
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