Among financial and cost accounting,which is more important?
why?
Answers were Sorted based on User's Feedback
Answer / jitu
in my openion financial accounting is important because
cost accounting gives only costing data it should be used
to control the cost of a product but financial accounting
gives information regarding profit or loss of the business
and any business should be continued with the movive of
profit only.
| Is This Answer Correct ? | 4 Yes | 1 No |
I think Cost Accouting is more Important,
the reason being, The profir margin Cannot be Decided
without the costing of thr product.Proper Costing of the
product must b calculated in order to make
profits.Financial Accouting comes after the Cost Accouting.
Make me right if I m Worng.
| Is This Answer Correct ? | 2 Yes | 0 No |
Difference Between Revenue & Capital Expenditure Give an Example of each ?
What are premises in accounting sense? What is vat adjustment?
what is liability
tally interest entry journal entry income expance entry
please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.
matching concept
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
Explain me by saying, perpetual or periodic inventory system; what do we mean?
how to treat outstanding salaries in accounts statements, how it is shown in receipts & payments account, income & expenditure account & balance sheet
Cheque Received From Customer What is accounting entry and in which vocher. coustomer order is 100 items . 5 items given to customer cost rs 2000 5 items Total 2000 and remaing 95 items not deliveried 100000 Cheque Received
What are control ledgers? What are the purposes of maintaining it?