Question

Choose the correct answer: Cost and financial accounts are reconciled under (a) Integral system (b) Cost-control accounts system (c) Both a and b (d) None of these

   Choose the correct answer:
Cost and financial accounts are reconciled under
(a) Integral system
(b) Cost-control accounts system
(c) Both a and b
(d) None of these

Cost Accounting

Cost Accounting

K. Alex 1st Edition

Chapter 9, Problem 2

Instant Answer

Step 1

- **Integral system**: This is a method where cost and financial accounting are integrated into one single accounting system. There is no need for separate sets of books for cost and financial accounting; all accounting entries related to both cost and financial Show more…

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Choose the correct answer: Cost and financial accounts are reconciled under (a) Integral system (b) Cost-control accounts system (c) Both a and b (d) None of these

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