NON-INTEGRATED ACCOUNTING SYSTEM

It is a system of accounting under which separate ledgers are maintained for cost and
financial accounts by Accountants. Under such a system the cost accounts restricts itself to
recording only those transactions which relate to the product or service being provided. Hence
items of expenses which have a bearing with sales or, production or for that matter any other
items which are under the factory management are the ones dealt with in such accounts. This
leads to the exclusion of certain expenses like interest and, bad debts and revenue/income
from ‘other than the sale of product or service’.