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cost sheet is division of three parts like 1.factory overheads,2.administration overheads,3.selling & distribution overhead.
on the basis of this total exact cost is caculated,as it is too important for
and cost & work accountant.
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∙ 16y ago
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What is the focal point of the accounting cycle?
focal point of accounting cycle
What is The use of acquisition cost less depreciation in valuing an asset on the balance sheet is the logical result of the accounting convention?
The use of acquisition cost less depreciation in valuing an asset on the balance sheet is the logical result of the __________ accounting convention.
What is the meaning of Drawing Office Salary in Cost Accounting?
Drawing office salary what treatment in cost sheet
What is a lead sheet in accounting?
In accounting, a lead sheet is a form that contains a summary or index of information. These types of sheets can be found on many accounting programs.
What relationship is there between the accounting equation and the balance sheet?
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
What is the focal point of the accounting cycle?
focal point of accounting cycle
What is The use of acquisition cost less depreciation in valuing an asset on the balance sheet is the logical result of the accounting convention?
The use of acquisition cost less depreciation in valuing an asset on the balance sheet is the logical result of the __________ accounting convention.
What kind of accounting convention uses the acquisition cost minus depreciation in valuing an asset on the balance sheet?
Cost benefit
What is the meaning of Drawing Office Salary in Cost Accounting?
Drawing office salary what treatment in cost sheet
What are the methods for accounting inflation?
Discuss the various methods of inflation accounting.
What is a lead sheet in accounting?
In accounting, a lead sheet is a form that contains a summary or index of information. These types of sheets can be found on many accounting programs.
What is the difference between cost accounting and financial accounting and what is the different between cost accounting and management accounting?
Cost accounting and managerial accounting are really the same thing. The key difference between managerial/cost and financial accounting is that managerial accounting information is aimed at helping managers within the organization make decisions. In contrast, financial accounting is aimed at providing information to parties outside the organization. cost is the amount of the expenditure. In cost accounting we can find cost of goods and services. financial accouts shows the profit and loss and balance sheet made during an accounting period, and also financial position of the business as on a particular date. cost accouting provides the management detailed information regarding cost of each product, services etc. Cost Accounting focuses on the costs of production and inventory valuations. Management Accounting produces internal financial reports and analysis prepared in such a way to assist managers in making decisions (such as expense reduction, capital investment, etc.). Financial Accounting produces financial reports in accordance with GAAP and legal guidelines and would generally be the format which is distributed externally for banks, investors, etc.
What accounting convention uses the acquisition cost minus depreciation in valuing an asset on the balance sheet?
Type your answer here... Book value
What relationship is there between the accounting equation and the balance sheet?
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
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 difference between accounting balance sheet and economic balance sheet?
Straight from my text, the difference is that an accounting balance sheet omits significant assets and liabilities and the accounting balance sheet does not report all assets and liabilities at their market value (the accounting balance sheet records a book value; ie the dollar value paid for an item). With respect to which assets and liabilities that are omitted, I am not sure.
What is the relationship between cost accounting and managerial accounting?
Financial accounting relates to the information presented based on past events and records. Cost and managerial accounting is the presentation of financial information to the management to be used in decision making while in managerial accounting projections are made based on past trends. e.g. projected cashflows, profit & loss, balance sheet... Financial accounting relates to the information presented based on past events and records. Cost and managerial accounting is the presentation of financial information to the management to be used in decision making while in managerial accounting projections are made based on past trends. e.g. projected cashflows, profit & loss, balance sheet... Financial accounting reports are in standard formats which are worldwide accepted , where as Cost accounting reports are in the format as required by the management
