What is meant by Cost Accounting? How it is different from
Financial Accounting?
Answer Posted / satish and ramu
cost is the amount of the expenditure. In cost accounting
we can find cost of goods and services.
financial accouts shows the profit and loss and balance
sheet made during an accounting period, and also financial
position of the business as on a particular date.
cost accouting provides the management detailed information
regarding cost of each product, services etc.
Is This Answer Correct ? | 46 Yes | 5 No |
Post New Answer View All Answers
Short Answer on __________Trade
I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????
you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.
what is the accounting conventions
Short Answer on ___________Cash Profit
How can retify the errors in the trial balance
How to Calculate Mortgage?
Expand---------MNOP
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
Data flow of Accounts payable to General ledger?
Explain valuation methods of Normal and Abnormal loss
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
Is depreciation a expense or income?
why should the company give first perference to the perference shareholders?