Question

what is non-integrated accounting system?

Answer 1

It is a system of accounting under which separate ledgers are maintained for cost and financial accounts by Accountants . This system is also referred to as cost ledger accounting system . Under such a system the cost accounts restricts itself to recording only those transactions which relate to the product or service being provided. Hence items of expenses which have a bearing with sales or production or for that matters any other items which are under the factory management are the ones dealt with in such account . This lead to the exclusion of certain expenses like interest , bad debts ,and revenue /income from 'other than the sale of product or service ' .

Answer 2

Non-Integrated Accounting System. It is a system of accounting under which separate ledgers are maintained for cost and financial accounts by Accountants. This system is also referred to as cost ledger accounting system.