Which of the following statements is not true with regard to 'Integrated Accounting System'?

CS Executive · Cost and Management Accounting · PYQS · December 2020
Which of the following statements is not true with regard to 'Integrated Accounting System'?
(A) Easy method to maintain accounts
(B) Economy of scale
(C) Saving of time
(D) Periodically reconciliation of profit as per Financial Accounts is made with profit as per Cost Accounts

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Cost Accounting System

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