Characteristic of cost accounting
Write down the characteristic of cost accounting?
Expert
i) Cost accounting outlooks the entire organization from the single component of the organization such as a process ,a job and so on.
ii) Cost accounting aspires at ascertaining the profitability of single components of the organization.
iii) It is meant for those people who fraction of the decision is creating procedure of the organization. Therefore, it is merely for internal use.
iv) It is not a lawful requirement. It is not obligatory to sustain cost accounting records.
v) In Cost Accounting, data is immediately accessible that provides in decision making procedure.
vi) Cost Accounting considers each transaction, whether relayed to past or prospect that will have an impact on the business.
Give a brief introduction of the term Equity Warrants?
What do you understand by the term ‘Efficient market hypothesis’?
Write down the provisions of purchase back of shares as said by Companies Act, 1956?
Describe briefly the term Direct labor cost?
Give a brief introduction of the term ‘Dual Aspect Concept’?
Give brief introduction of Accelerating Premium System of premium payment?
Is it okay to consider capital expenditures while computing the profitability of throughout a certain period?
According to Income Tax Act, 1961what technique of depreciation calculation is employed to evaluate the tax liability?
Briefly explain the purpose of cost accounting.
What do you understand by the term accounting rate of return?
18,76,764
1958957 Asked
3,689
Active Tutors
1424403
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!