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Which account is necessary to make the Cost Ledger self-balancing in a non-integrated accounting system?
  • a)
    Stores Ledger Control A/c
  • b)
    Work-in-Progress Ledger Control A/c
  • c)
    General Ledger Adjustment (Control) A/c
  • d)
    Finished Goods Ledger Control A/c
Correct answer is option 'C'. Can you explain this answer?
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Which account is necessary to make the Cost Ledger self-balancing in a...
The General Ledger Adjustment (Control) Account is necessary to make the Cost Ledger self-balancing in a non-integrated accounting system. It ensures that all transactions originating in the Financial Accounts are eventually transferred to Cost Accounts.
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Which account is necessary to make the Cost Ledger self-balancing in a non-integrated accounting system?a)Stores Ledger Control A/cb)Work-in-Progress Ledger Control A/cc)General Ledger Adjustment (Control) A/cd)Finished Goods Ledger Control A/cCorrect answer is option 'C'. Can you explain this answer?
Question Description
Which account is necessary to make the Cost Ledger self-balancing in a non-integrated accounting system?a)Stores Ledger Control A/cb)Work-in-Progress Ledger Control A/cc)General Ledger Adjustment (Control) A/cd)Finished Goods Ledger Control A/cCorrect 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 Which account is necessary to make the Cost Ledger self-balancing in a non-integrated accounting system?a)Stores Ledger Control A/cb)Work-in-Progress Ledger Control A/cc)General Ledger Adjustment (Control) A/cd)Finished Goods Ledger Control A/cCorrect 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 Which account is necessary to make the Cost Ledger self-balancing in a non-integrated accounting system?a)Stores Ledger Control A/cb)Work-in-Progress Ledger Control A/cc)General Ledger Adjustment (Control) A/cd)Finished Goods Ledger Control A/cCorrect answer is option 'C'. Can you explain this answer?.
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