Statement I: Cost ledger control account is opened in non-integrated system to record all transactions of income and expenditure which originate in the financial accounts. Statement II : The total of cost ledger control
CS Executive · Cost and Management Accounting · PYQS · June 2019
Statement I: Cost ledger control account is opened in non-integrated system to record all transactions of income and expenditure which originate in the financial accounts. Statement II : The total of cost ledger control account should be tallied with total of balances of all impersonal accounts. Select the correct answer from the options given below:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Cost Accounting System
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