1. Under the Non-integrated accounting system
A) Same ledger is maintained for cost and financial accounts by accountants
B) Separate ledgers are maintained for cost and financial accounts ✓
C) (a) and (b) both
D) None of the above
CA Intermediate Paper 3
Cost Accounting System MCQ
Chapter 7 • 10 Questions from ICAI Study Material
Questions
10
Est. Time
15 min
Source
ICAI Book
Question 1 of 10 0 correct | 0 wrong
Explanation:
Common Mistake:
Key Concept:
Exam Tip:
Keyboard: 1-4 to select, ← → to navigate
Sample Questions: Cost Accounting System
Preview 3 of 10 questions from Chapter 7
2. Notional costs
A) May be included in Integrated accounts
B) May be included in Non- integrated accounts ✓
C) Cannot be included in Non-integrated accounts
D) None of the above
3. Under Non-integrated accounting system, the account made to complete double entry is
A) Stores ledger control account
B) Work in progress control account
C) Finished goods control account
D) General ledger adjustment account ✓