WAEC Accounting 2022 Theory — Question 12

Question 12 of 17 from the West African Examinations Council (WAEC) Accounting 2022 Theory paper, with the correct answer and a full explanation.

4(c) State four reasons for preparing departmental accounts.

Model answer

- To determine the performance/profitability of each department - To help management decide which unit/department should be discontinued - To minimize/detect fraud within the units - To appraise/evaluate the performance of workers in each department

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