What is meant by Cost Accounting? How it is different from
Financial Accounting?
Answer / c handu
Financial Accounting is prepared to know the profit or loss
and financial position of the company.It is one of the
branch of Accounting
Cost Acccounting is another branch of Accounting.It is
prepared to know the cost of one product from manufacturing
upto it sales.It is useful to management in decision making
of about future of product and to make business efficiently.
Due to the limitation of the financial Accounting it is not
possibe to know cost of product in financial Accounting
| Is This Answer Correct ? | 11 Yes | 0 No |
EXPAND_________VHF
When oustanding expense is give in the TB and corresponding expense is not then how will we the same? Eg.: Outstaning salary 100 given in the TB and salary for the month is not there to add oustanding with the same. In this situation how will we treat the same. Only in profit & loss account or in balance sheet or both or?
Can anybody tell me about the liability positions of 1.Sole trader 2.Partnership 3.Pvt ltd co 4.Public ltd co
Interest earned on investments is an__________
Expand ------HMRL
capitla budgeting
What is meant by undercast and overcast in accountancy? Explain with some transactions and their corresponding journal entries.
capital reserve and revenue reserve
What Question ask in MARKIT Company?
What is Financial?
EXPAND______________PLIP
Answered but misspelled pl correct accounting measures past performanceof the business entityand depicts the current financial position (Ans.MMEEEASURNT)