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prepare a bin card in relation to cost accounting

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Q: Prepare a bin card in relation to cost accounting?
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How does cost accounting connect with financial accounting and management accounting?

Management accounting gathered data or information from cost accounting and financial accounting. After that, it analyzes and interprets the data to prepare reports and provide necessary information to the management.


Differentiate the Financial Accounting from Cost Accounting and Management Accounting?

to know the financial position(i.e. profit or loss) and cost accounting to know the cost price of product of business and management accounting is to take the decision based on financial and cost accounting to prepare bugdget, analysis etc


Definition of computerised accounting?

computerized accounting is method of accounting using modern accounting technology .it will reduce the problems in manual accounting and help to save time cost ,prepare accurate accounts and also help to easy communication of accounts.


What are the responsibility of an accountant?

Prepare profit and loss statements and monthly closing and cost accounting reports.Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.4. Other duties as assigned


What are the accountabilities of an accountant?

Prepare profit and loss statements and monthly closing and cost accounting reports.Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.4. Other duties as assigned


What are the social responsibility of an accountant?

Prepare profit and loss statements and monthly closing and cost accounting reports.Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.Establish, maintain, and coordinate the implementation of accounting and accounting control procedures.4. Other duties as assigned


Why cost accounting is used instead of financial accounting?

cost accounting is used instead of financial accounting because cost accounting is used to determine the cost of the good produced


What is the Cost and cost accounting also give out objectives of cost accounting?

answer


How does management accounting differ from cost accounting?

Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.


Compare and contrast between cost accounting and financial accounting?

compare and contrast cost accounting and financial accounting


Cost accounting and management accounting?

Cost accounting is a subset of management accounting, although the two are used interchangeably.


What are the different fields of accountung?

1- Cost Accounting 2 - Financial Accounting 3 - Management Accounting