Question

An accounting system that accumulates and reports costs incurred by each service department for management to evaluate the performance of a department is a:

a. Revenue accounting system.
b. Standard accounting system.
c. Departmental accounting system.
d. Cost accounting system.
e. Service accounting system.

Answer 1

Answer:

c. Departmental accounting system.

Explanation:

• The departmental accounting system is an accounting information system that records financial information about operations and the department. Managers can use financial information from departmental accounting systems to show how profitable and efficient each department is Departmental accounting system

• example are as  Microsoft is Windows department and MS Office and Xbox department