Multiple choice

Directions: Choose the correct option for the given question:

Under _____ accounting system, cost and financial accounts are merged in one ledger.

  1. integral

  2. non-integral

  3. double entry

  4. single entry

  5. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

An integral accounting system integrates both cost and financial accounting into a single set of books, eliminating the need for reconciliation.

Keep practicing — related questions