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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