Non-Integrated Accounts
This query is : Resolved
SWAPNIL MEERA SHARMA
(Querist)
20 August 2010
Sir/Madam,
1. What is Non-integrated Accounting...???
2. What are the Principal Ledgers and Control A/Cs under this system...???
3. Why there's need for Control A/Cs...???
Thanks.
1. What is Non-integrated Accounting...???
2. What are the Principal Ledgers and Control A/Cs under this system...???
3. Why there's need for Control A/Cs...???
Thanks.
CMA Ramesh Krishnan
(Expert)
22 August 2010
1.If the cost and financial transactions are kept separately,the system is called Non-Integrated Accounting System
2. Principal ledgers are like main ledgers which link to the all control ledger
3. Principle ledger is like summary of Control a/c. so without control account, no principle ledgers
2. Principal ledgers are like main ledgers which link to the all control ledger
3. Principle ledger is like summary of Control a/c. so without control account, no principle ledgers
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