Different streams of accounting
Write down the different streams of accounting?
Expert
i) Financial Accounting: is the course in that business transactions are recorded methodically in the different books of accounts managed by the organization in order to make financial statements. ii) Cost Accounting: is the procedure of recording and classifying of expenditure sustained throughout the operations of the organization in a methodical way, in order to determine the cost of a cost center with the objective to control the cost. iii) Management Accounting: is the procedure of study, presentation and interpretation of accounting information gathered with the assist of cost accounting and financial accounting, in order to aid management in the procedure of decision making, creation of policy and daily operation of an organization. Therefore, it is clear from the above that the management accounting is based on cost accounting and financial accounting.
Describe distinguish between the term Cost Accounting and Management Accounting?
What do you mean by the term User Account? Explain in brief?
Describe briefly the term ‘Derivatives’?
Under Companies Act, 1956 what ‘rights issue’ do the shareholders of a company have?
Describe distinguish between the term Financial Accounting and Management Accounting?
If equity shares are being issued at par what is the minimum application?
Describe briefly the term time booking and also write down its various methods for employed it?
Give brief introduction of Accelerating Premium System of premium payment?
Write down a brief contrast on the term Cost Accounting and Management Accounting?
In managing the labor cost what role does time keeping department play?
18,76,764
1954813 Asked
3,689
Active Tutors
1418710
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!