Multiple choice

Directions: Choose the correct option for the given question:

______ in cost ledger represents personal accounts in financial books.

  1. General ledger

  2. Main ledger

  3. Master ledger

  4. Special ledger

  5. General ledger adjustment account
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

In a non-integral cost accounting system, the General Ledger Adjustment account represents all personal and real accounts that are maintained in the financial books but not in the cost ledger.

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