Which of the following is a non-integrated accounting system? MCQ with Answer and Explanation

Which of the following is a non-integrated accounting system?
A. Cost and financial accounts maintained separately
B. Cost accounts integrated with financial accounts
C. Computerized accounting
D. Single entry system
Answer: Option A
Solution (By JKSSB Mock Tests)
Non-integrated system keeps cost and financial accounts independently, with reconciliation.

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Practice More Accountancy and Book Keeping Questions

Question #1
S1: Direct taxes are progressive in nature. S2: Indirect taxes are regressive in nature. Which statement(s) is/are correct?
A. Both S1 and S2
B. Neither S1 nor S2
C. S2 only
D. S1 only

Correct Answer: Option A


Explanation:
Direct taxes (like Income Tax) are progressive, meaning the tax rate increases as income increases. Indirect taxes (like GST) are regressive, as they take a larger percentage of income from low-income earners than high-income earners. Both are correct.

Question #2
While preparing a bank reconciliation statement from the passbook overdraft balance, a cheque deposited but not yet collected by the bank should be:
A. Depends on amount
B. Deducted
C. Added
D. No effect

Correct Answer: Option B


Explanation:
Starting with overdraft as per passbook, a deposit in transit increases the overdraft in passbook (makes it less negative). To reconcile to cash book overdraft, we deduct it because the cash book already recorded it and shows a lower overdraft. So deduct.

Question #3
S1: In marginal costing, the Margin of Safety can be calculated as (Profit / P/V Ratio). S2: If the P/V ratio is 40% and the Margin of Safety is ₹50,000, the profit is ₹20,000. Which statement(s) is/are correct?
A. S2 only
B. Both S1 and S2
C. Neither S1 nor S2
D. S1 only

Correct Answer: Option B


Explanation:
Margin of Safety = Profit / P/V Ratio. If MOS is 50,000 and P/V is 40%, Profit = 50,000 * 0.40 = ₹20,000. Both statements are mathematically and conceptually correct.