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What is the scope of cost accounting?
Cost accounting is generally thought of in connection with manufacturing operations. Cost accounting in this field has reached its highest development, and its valuable and well proved services to manufacturing concerns amply justify this association. There is no reason, however, to believe that the principles and procedures of cost accounting cannot, with some variations, be applied to other fields.In fact, wherever it is necessary to know the cost of manufacturing a particular product, doing a particular job, rendering a particular services, or investigating efficiency in terms of cost, cost accounting techniques and procedures can be applied with greater benefits. In additions to its use in the manufacturing operations, another useful area of its application is field of marketing and administration. In this field, the work done is of comparatively recent origin and has not been developed to the same degree of refinement as in the manufacturing field. Much work, investigation and research into procedures and methods in this area are currently being observed. In short, procedures and techniques developed by cost accounting have been found useful in the fields of banking, insurance, public utilities, motor trucking, departmental stores, hospitals, hotels educational institutions, and even in professional offices, such as doctors, lawyers; accountants and teachers.
Explain Stewardship accounting in emerging role of accounting?
In earlier times in history, wealthy people employed `stewards' to manage their property. These stewards rendered an account of their stewardship to their owners periodically. This notion lies at the root of financial reporting even today which essentially involves the orderly recording of business transactions, commonly known as 'book-keeping'. Indeed the accounting concepts and procedures, in use today for systematic recording of business transactions have their origin in the practices em-ployed by merchants in Italy during the 15th century. The Italian method which specifically began to be known as `double entry book-keeping' was adopted by other European countries during the 19th century. Stewardship accounting, in a sense, is associated with the need of business owners to keep records of their transactions, the property and tools they owned, debts they owed, and the debts others owed them.
What kind of information is needed on a Commercial Invoice?
Commercial invoices have got many information contained. To name a few, one could mention the name of exporter, consignee, intermediate consignee, forwarding agent, country of origin and date of export.
What is the journal entry for the cash paid for the certificate of origin for sales?
certificate of origin A/C... DR To cash A/c.....CR
What is a statement of source?
A statement of source is a document or declaration that identifies the origin of specific information, claims, or materials presented in a work. It provides transparency by detailing where the data, ideas, or quotations come from, thereby giving credit to the original creators and allowing others to verify the information. Such statements are crucial in academic, research, and professional contexts to uphold integrity and avoid plagiarism.
What is the origin of accounting?
Accounting is believed to have been originated and developed by the MERCHANTS OF VENICE.
What is country of origin?
Country of origin is the country where something was made.
What is the country of originWhat is the country of origin?
Country of origin is the country where it all started.
What is the origin of common fuels?
the origin of fuels is from decomposition of dead animal bodies
What is bombardier's country of origin?
Bombardier's country of origin is Canada.
Country of origin for the cocktail sausage?
Country of origin for the sausage
What if country of origin is Cuba?
Cuba has a debatable country of origin
Giovanni da Verrazano Country of Origin?
Country of origin
What is your country of origin if you are from Fiji?
country of origin : Fiji nationality : Fijian
What is teas country of origin?
China is the origin country of the drink tea.
What is the country origin og chalico?
what is the country of origin of the chalico
What is the origin ethnicity andor country of origin of the surname Mueller?
Country of origin is Germany; meaning in English is "miller".
