Departmental accounting and responsibility accounting are related.

Name: Departmental accounting and responsibility accounting are related.
Brand: Quizplus
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Question

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Departmental accounting involves the segregation of financial data by department, while responsibility accounting involves the allocation of responsibility for financial performance to specific individuals or departments. Both concepts are related to the division of financial data and responsibility for decision-making within an organization.

Departmental Accounting and Responsibility Accounting Are Related