Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is an interlocking system of accounts?

user-image
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.

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.