Question Description
Which of the following statements is true about a non-integrated accounting system?a)Separate ledgers are maintained for cost and financial accounts.b)It eliminates the need for a cost ledger control account.c)It includes all items of expenses in the cost accounts.d)It does not deal with notional expenses like rent or interest.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following statements is true about a non-integrated accounting system?a)Separate ledgers are maintained for cost and financial accounts.b)It eliminates the need for a cost ledger control account.c)It includes all items of expenses in the cost accounts.d)It does not deal with notional expenses like rent or interest.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is true about a non-integrated accounting system?a)Separate ledgers are maintained for cost and financial accounts.b)It eliminates the need for a cost ledger control account.c)It includes all items of expenses in the cost accounts.d)It does not deal with notional expenses like rent or interest.Correct answer is option 'A'. Can you explain this answer?.

Solutions for Which of the following statements is true about a non-integrated accounting system?a)Separate ledgers are maintained for cost and financial accounts.b)It eliminates the need for a cost ledger control account.c)It includes all items of expenses in the cost accounts.d)It does not deal with notional expenses like rent or interest.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of Which of the following statements is true about a non-integrated accounting system?a)Separate ledgers are maintained for cost and financial accounts.b)It eliminates the need for a cost ledger control account.c)It includes all items of expenses in the cost accounts.d)It does not deal with notional expenses like rent or interest.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which of the following statements is true about a non-integrated accounting system?a)Separate ledgers are maintained for cost and financial accounts.b)It eliminates the need for a cost ledger control account.c)It includes all items of expenses in the cost accounts.d)It does not deal with notional expenses like rent or interest.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Which of the following statements is true about a non-integrated accounting system?a)Separate ledgers are maintained for cost and financial accounts.b)It eliminates the need for a cost ledger control account.c)It includes all items of expenses in the cost accounts.d)It does not deal with notional expenses like rent or interest.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Which of the following statements is true about a non-integrated accounting system?a)Separate ledgers are maintained for cost and financial accounts.b)It eliminates the need for a cost ledger control account.c)It includes all items of expenses in the cost accounts.d)It does not deal with notional expenses like rent or interest.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which of the following statements is true about a non-integrated accounting system?a)Separate ledgers are maintained for cost and financial accounts.b)It eliminates the need for a cost ledger control account.c)It includes all items of expenses in the cost accounts.d)It does not deal with notional expenses like rent or interest.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice B Com tests.