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What is an interlocking system of accounts?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/06/22
samia hamed
by samia hamed , Accountant , Riyadh International Catering Corporation

An interlocking system is cost book keeping methods which maintains two sets of ledger that allows detail analysis of costs and cost related processes.

Mahmoud Hamid
by Mahmoud Hamid , Finance Manager , Experts

In an interlocking accounts system we maintain two separte sets of account for financial accounting and cost accounting and recrod financial accouting transaction separately from cost accounting transaction.

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