How are Cost Accounting Records Maintained [with Accounting Entries]
How are Cost Accounting Records Maintained [with Accounting Entries]! Non-Integrated Accounting System: The following important ledgers are maintained by the cost accounting department: 1. Cost Ledger: This is the principal ledger in which the impersonal accounts (nominal and real accounts) are recorded. 2. Subsidiary Ledgers: (a) Stores Ledger: In this ledger, a separate account for each item in the stores [...]