Cost accounting, Accounting Basics

Assignment Help:

DEFINITION OF COST ACCOUNTING

DEFINITION:  as said by the Institute of Cost and Works Accountants (ICWA), London, Cost accounting is " the method of accounting for costs from the point at which spending is incurred or committed to the concern of its final relationship with cost units and cost centers .In its widest practice it embraces the research of statistical data, the request of cost control methods and the ascertainment of the productivity of activities planned  or carried out ."


Related Discussions:- Cost accounting

Determine in brief about the sales activity, Determine in brief about the S...

Determine in brief about the SALES ACTIVITY Just as merchandizing businesses follow specific procedures to process and record purchases, they follow numerous procedures to proc

Sales discounts and sales returns, Q. Sales discounts and Sales returns? ...

Q. Sales discounts and Sales returns? Sales discounts arise when the seller tenders the buyer a cash discount of 1 percent to 3 percent to induce early payment of an amount due

Accounting concepts, implication of applying accounting concepts

implication of applying accounting concepts

Explain about accounting applications, Q. Explain about accounting applicat...

Q. Explain about accounting applications? Early on accounting applications were in accounts receivable, payroll, accounts payable, and inventory. Within some years programs exi

AL MASA a sole trader, AL MASA a sole trader,decided to install a new machi...

AL MASA a sole trader,decided to install a new machine to use

H.W, BUS ADM-201 Fall 2012 EXTRA CREDIT 2 - Due in DS week of November 26 ...

BUS ADM-201 Fall 2012 EXTRA CREDIT 2 - Due in DS week of November 26 GRADING: Worth 15 points. Partially credit will only be given if you attempt all requirements a through g lis

Student, In Excel, I need help with formulas

In Excel, I need help with formulas

prepare the ledger accounts-trial balance-balance sheet , A part of Deeper...

A part of Deeper Coral's income is earned from conducting diving lessons.  Level Lesson Type Fee per hour I Intro

Prepaid expenses and deferred charges, Q. Prepaid expenses and deferred cha...

Q. Prepaid expenses and deferred charges? Prepaid expenses, deferred charges -- assets already paid for, which are being used up or willexpire. Insurance paid for in advance is

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd