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  • Accounting Vocabulary Online Quiz
  • Departmental accounting system is a business that purchas...
Multiple choice

Departmental accounting system is a business that purchases and sells goods

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A departmental accounting system is a method of organizing accounting records by department, not a definition of a business type. A business that purchases and sells goods is defined as a merchandising business.

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