Departmental and Trading and Profit and Loss Account



The departmental account has the components as any profit and loss (revenue, cost, expenses and profit/loss). The slight difference is that it's divided into departments or areas of working. This is to

calculate which is the most productive area.
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Trading and Profit and Loss and Appropriation Account



​Every firm, at the end of it's financial period, has to prepare the Trading and Profit and Loss Account to see if the company has gains or losses after costs and expenses.

Our work force

Partnerships do the same operation with the only difference that their final account has to include an appropriation part. The Appropriation account is where the profit shares are divided, salaries assigned and interest (capital) is calculated.