difference Between Cost Accounting and Financial Accounting?
- 56 Answers
- 147717 Views
- AJL, Amity, College School Exams Tests, IILM, Saga, Unilever, I also Faced
- E-Mail Answers
Answer Posted / adelaida labrador
Cost accounting deals primarily in allocation and
controlling of cost of labor, materials and overhead in the
production of a product. The results is used in the
determination of cost of goods sold and profit margin from
sales. Financial aacounting is concerned with analyzing,
summarizing, recording and reporting of all financial
activities of a business in the P & L and statement of
financial position based on company's established policy
and procedures, generally accepted accounting principles
and or IFRS.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What according to you should be done for the growth and development of the economy?
What is goodwill? How does it affect net income?
what is the shortcut to select the purchase order voucher type?
Im an MBA STUDENT.I need guidance to prepare for GENPACT COMPANY.can u pls post papers
Case Study:- Assume you are an insurance consultant dealing with an umbrella of insurance products of various insurance companies. you have been approached by the Dean of college to give presentation on the insurance titled "life insurance fulfils the needs of aperson". The presentation should include the various needs of person at different stages of life. you have been rrequested to include sufficient example to make the presentation more reachable.
What is the difference between charge card and credit card?
Why should a business prepare fund flow statement?
what is “Over the Counter Market”?
What is the number of Districts in your nearby states?
What are the provisions of Lokpal and Lokayukta Amendment Bill 2016?
Name some acts governing Banking Operations?
What's the different between prop trading and market-making?
Why do you want to join Axis bank ?
Why do you choose banking as your career?
What is 'reflation'?
