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

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Which of the following is a non-integrated accounting system?

A. Cost accounts integrated with financial accounts

B. Cost and financial accounts maintained separately

C. Computerized accounting

D. Single entry system

Answer: Option B

Solution (By JKSSB Mock Tests)

Non-integrated system keeps cost and financial accounts independently, with reconciliation.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

The Central Board of Direct Taxes (CBDT) functions under which department of the Ministry of Finance?

A. Department of Expenditure

B. Department of Financial Services

C. Department of Economic Affairs

D. Department of Revenue

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Correct Answer: Option D

Explanation:
CBDT handles direct tax administration and forms part of the Department of Revenue.

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Question #2

The 'Events after the Reporting Period' (Ind AS 10) are classified as:

A. Contingent events

B. Only adjusting events

C. Adjusting and non-adjusting events

D. Only non-adjusting

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Correct Answer: Option C

Explanation:
Adjusting events provide evidence of conditions that existed at the reporting date; non-adjusting indicate conditions that arose after.

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Question #3

In a common-size statement, all items are expressed as percentage of:

A. Capital

B. Gross profit

C. Total assets or total revenue

D. Net profit

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Correct Answer: Option C

Explanation:
Common-size balance sheet expresses each item as % of total assets; income statement as % of net sales.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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