Question

Double compartment system is otherwise known as

• A. value control system
• B. unit control System
• C. stock register System
• D. None of these

Answer 1

Answer:

A. value control system

In cooperative accounting, the Double Compartment System (or Value Control System) is used to control the movement of goods and their value. It ensures that the value of goods issued and received is properly tracked, avoiding misuse or misstatement. Typically, one “compartment” records quantities, and the other records monetary value, hence the name value control system.