What is a departmental account - SS3 Accounting Departmental Account - Meaning/Definition Question
What is a departmental account?
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
correct option: a
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