Accounting · Accounting Principles

Financial accounting and cost accounting are both fundamentally based on the:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Single Entry System
2Double Entry System✓
3Indian Accounting System
4None of these

Correct answer

Double Entry System

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Financial accounting and cost accounting are both fundamentally based on the:

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Financial accounting and cost accounting are both fundamentally based on the:

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