Departmentalized Accounting System: Definition & Example


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question 1 of 3

Which of the following companies is most likely to use a departmental accounting system?

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1. Which of the following represents a direct expense?

2. What is the term for the amount of mark-up on products that a company sells?

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About This Quiz & Worksheet

The quiz and worksheet are tools that assess your knowledge of departmentalized accounting systems. Expenses and direct expense are some terms you will be quizzed on.

Quiz & Worksheet Goals

These assessments test your knowledge of:

  • The definition of an expense
  • The minimum number of departments that a company needs in order to implement departmental accounting
  • Who would use a departmental accounting system
  • An example of a direct expense

Skills Practiced

  • Information recall - access the knowledge you have gained about the term that refers to the amount of mark-up on products
  • Defining key concepts - ensure that you can accurately define main phrases, such as expense and direct expense
  • Knowledge application - use your knowledge to answer a question about the type of company that would rely on a departmental accounting system

Additional Learning

Gain more insights about this system using the lesson, Departmentalized Accounting System: Definition & Example. This lesson helps you with the following objectives:

  • Learn what a departmentalized accounting system is used for
  • Identify the pros of using this type of accounting system
  • Look at an example of a departmental accounting system