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WAEC Financial Accounting 2017 Question 42

Question 42

Departmental Accounts

The objective of a departmental accounts is to ascertain the

  1. A.number of staff in the department.
  2. B.departmental performance.
  3. C.stock held by the department.
  4. D.departmental labour turnover.
Show the answer and explanation

Answer: B (departmental performance.)

Explanation

Departmental accounts show the profit or loss of each department, i.e. its performance.