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Answer Posted / h.r. sreepada bhagi
Cost Accounting is a branch of accounting which is related to;
1. Computation or ascertainment of cost of Products & Services.
2. Cost Control.
3. Cost Reduction.
I It involves collection of information & data,
verification, analysis, planning of alternative (better)
method of operations and so on. In other words it's a branch
of accounting which helps & supports the management in
achieving and improving the operating efficiency and improve
the operational results of a company, which will ultimately
result in Profit & wealth maximisation of an organisation.
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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
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Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
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