- 1 Marks
Question
Which account should a rapidly growing business organization with multiple units that is interested in comparing the performance and weakness of each unit adopt?
Answer
Departmental account
Explanation:
Departmental accounts allow a business with multiple units to track income and expenditure for each department separately. This method helps management evaluate each unit’s performance and identify areas of strength and weakness. Therefore, the correct answer is “Departmental account.”
- Tags: Departmental Accounts, Performance Measurement
- Level: Level 1
- Series: MAY 2012
- Uploader: Theophilus