Non-Integrated Accounts

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SWAPNIL MEERA SHARMA (Querist)
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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.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

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