Assertion (A): In an integrated accounting system, there is no need of reconciliation of cost accounting profit and financial accounting profit. Reason (R) : Only one set of books provides information for the ascertainme
CS Executive · Cost and Management Accounting · PYQS · December 2019
Assertion (A): In an integrated accounting system, there is no need of reconciliation of cost accounting profit and financial accounting profit. Reason (R) : Only one set of books provides information for the ascertainment of cost as well as preparation of balance sheet as per legal requirements. Select the correct answer from the options given below:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Integrated Accounting System
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