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what is cost accounting ?
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cost accounting is the implementation of accounting
tecniques, ideas and methods for the utilisation of capital
or fund in a efficient way while rendering any services or
production in the organisation. In brief cost accounting is
the utilisation of the firms capital in a efficient way so
that the expenses remains less than the revenue, which
ultimately leads the firm in net profit.
Its a tool which is used to control the cost of production
or anything related to money.
| Is This Answer Correct ? | 22 Yes | 1 No |
Answer / ramgopal somasundaram
Cost accounting is the process of tracking, recording and
analysing costs associated with the products or activities
of an organization.
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / sonu mittal
Cost accounting is a analyses of cost. cost account base of finance account. used to control the cost of production
or anything related to money.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / naheem
cost accounting is the accounting,to find out the cost of
goods produced and service rendered by a business concern,
(NAHEEM)
| Is This Answer Correct ? | 1 Yes | 3 No |
Purchase book is a ----------journal
Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?
Expand----------CDNR
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