what is the diferenece between cost accounting & financial
accounting, with example?
- 1 Answers
- 4230 Views
- I also Faced
- E-Mail Answers
Answer Posted / abdul bari
Financial accounting is the reporting of financial
information to people outside of the business whereas Cost
accounting is done primarily for management inside the
business. It consists of determining the cost of producing
a product or a service.
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
• What are the types of cash flows?
Is interest of a business unit Operating Expense or Non Operating Expense
what are the new rules of central excise ?
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
Expand--------SOT
About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?
I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??
How to enter PO in SAP
what is corporate accounting?
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
difference between contra entry and double entry?
Ledger Is The Principle Book Of Accounts In Business. Do You Agree For It. Comment On Your Confirmation?
What is communicating
How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)
