Which of the following are advantages of departmental accounts?

Which of the following are advantages of departmental accounts?
I. The department making the highest profit can be easily determined

II. The capital of the business can be calculated easily

III. Easy knowledge of the sources of funding

IV. Encouragement of healthy rivalry among the various departments

A I and IV only

B II and III only

C II and IV only

D III and IV only

Answer is A

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