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In a non-integrated accounting system, what is the main reason for maintaining two different sets of accounting records?
  • a)
    To reduce the cost of maintaining records
  • b)
    To simplify the reconciliation process
  • c)
    To facilitate easy reconciliation between Cost and Financial Accounts
  • d)
    To avoid the need for account reconciliation
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
In a non-integrated accounting system, what is the main reason for mai...
In a non-integrated accounting system, maintaining two different sets of accounting records is done to facilitate easy reconciliation between Cost and Financial Accounts. This ensures that both sets of accounts are in agreement and helps in cost analysis.
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In a non-integrated accounting system, what is the main reason for maintaining two different sets of accounting records?a)To reduce the cost of maintaining recordsb)To simplify the reconciliation processc)To facilitate easy reconciliation between Cost and Financial Accountsd)To avoid the need for account reconciliationCorrect answer is option 'C'. Can you explain this answer?
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In a non-integrated accounting system, what is the main reason for maintaining two different sets of accounting records?a)To reduce the cost of maintaining recordsb)To simplify the reconciliation processc)To facilitate easy reconciliation between Cost and Financial Accountsd)To avoid the need for account reconciliationCorrect answer is option 'C'. 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 In a non-integrated accounting system, what is the main reason for maintaining two different sets of accounting records?a)To reduce the cost of maintaining recordsb)To simplify the reconciliation processc)To facilitate easy reconciliation between Cost and Financial Accountsd)To avoid the need for account reconciliationCorrect answer is option 'C'. 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 In a non-integrated accounting system, what is the main reason for maintaining two different sets of accounting records?a)To reduce the cost of maintaining recordsb)To simplify the reconciliation processc)To facilitate easy reconciliation between Cost and Financial Accountsd)To avoid the need for account reconciliationCorrect answer is option 'C'. Can you explain this answer?.
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