Integral accounts eliminate the necessity of operating

Related MCQs

• ____________ Accounts is the name given to a system whereby cost and financial accounts are kept in the same set of books.
• ……………obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.
• Under integral system, the accounting entry for recording depreciation charges on machinery will be
• Purchase of raw materials of Rs. 1,000 on credit. Under Integrated Accounts, the transaction will appear as
• Payment of wages Rs. 5,000. Under Integrated Accounts, the transaction will appear as
• What will be the accounting entry in integrated accounts for absorption of works overheads?
• The accounting entry is integrated accounts for recording sales will be
• Cost accounts deal partly with facts and figures and partly with………
• Unsuccessful research expenditure should be …………….. cost accounts.
• These accounts are obligatory to be prepared according to the legal requirements of Companies Act and Income Tax Act.