The items of accounts excluded from non-integrated accounting system and represented by cost ledger control account are: (A) Purchases (B) Expenses (C) Balance-sheet items (D) All of the above
CS Executive · Cost and Management Accounting · PYQS · December 2017
The items of accounts excluded from non-integrated accounting system and represented by cost ledger control account are: (A) Purchases (B) Expenses (C) Balance-sheet items (D) All of the above
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Integrated & Non-Integrated Accounts
Related Questions in this Topic
- The work-in-progress Control Account of JK Ltd., shows a total of ₹9,30,000. The Stores Ledger Control Account ₹1,44,000...
- In a firm the cost and financial transactions are integrated. Under this situation the firm paid wages amounted to ₹1,20...
- When finished goods are sold at total sales value, the account to be debited is: (A) General Ledger Adjustment Account (...
- Non-Integrated Account System followed in an organization enables it to achieve : (A) High level of efficiency (B) Great...
- 100. .......... method of cost is adopted when by-products are utilised by the factory itself as input for some other pr...