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Non-Integral System of Accounting

A system in which an entity's cost accounts are maintained separately and distinctly from its financial accounts, and the two...

Integrated System of Accounting

A system of accounting in which both costing and financial transactions are recorded in the same set of books. In...

Integral System of Accounting

A system of accounting in which both costing and financial transactions are recorded in the same set of books. In...

GL

It’s stands for general ledger; a bookkeeping ledger in which accounting figures (related to transactions and events) are recorded as…

General Ledger

A bookkeeping ledger in which accounting figures (related to transactions and events) are recorded as derived from journals and aggregated…