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Departmental Accounts | Problem Solving 3 | Letstute Accountancy
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Hello Friends,
Check out this third question on Departmental Accounting topic of financial accounting.
In this problem we have explained how to record the inter departmental goods transfer and with that complete final accounts covering:
1) Departmental Trading and Profit and Loss Account- understanding the allocation of income and expenses based on the details given
2) General Profit and Loss Account- Recording departmental net profit or loss and income and expenses of companies which can not be allocated to departments
3) Balance Sheet- Recording assets and liabilities of the company as a whole.
In the next session we will see Stock reserve calculation and accounting.So stay tuned with us and
subscribe to our channel.
Useful B.Com, BAF, CA, IPCC, CMA, CS or any other person wishing to learn accounting.
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#letstute
Check out this third question on Departmental Accounting topic of financial accounting.
In this problem we have explained how to record the inter departmental goods transfer and with that complete final accounts covering:
1) Departmental Trading and Profit and Loss Account- understanding the allocation of income and expenses based on the details given
2) General Profit and Loss Account- Recording departmental net profit or loss and income and expenses of companies which can not be allocated to departments
3) Balance Sheet- Recording assets and liabilities of the company as a whole.
In the next session we will see Stock reserve calculation and accounting.So stay tuned with us and
subscribe to our channel.
Useful B.Com, BAF, CA, IPCC, CMA, CS or any other person wishing to learn accounting.
You Can Also Buy Our Courses @
Amazon:-
Flipkart:-
Udemy:-
For more Videos
Follow Us On Social Media
Subscribe Our Other Channels.
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