Departmental Account: Trading and P&L Account and General P&L Account

The video tutorial covers the preparation of departmental trading and profit and loss accounts, along with a general profit and loss account for Diva Corporation. It explains the allocation of expenses and adjustments, such as prepaid advertising and outstanding rent, across two departments: books and stationery. The tutorial also discusses the importance of working notes and the allocation of common expenses to the general PNL account.

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