Purposes of making Cost Accounting
Write down the purposes of making Cost Accounting?
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I) Presentation of information for managerial decision making. II) Ascertainment of Cost and Profitability III) Cost Control
Briefly explain the difference between the PickList Generic and PickList Hierarchical Business components?
Describe briefly the term Direct labor cost?
What do you understand by the term ‘Money Market’?
Briefly explain the purpose of cost accounting.
Write down the major characteristics of financial accounting?
Write down the differences in material receipt?
Describe briefly the computation of the present value?
What account is salary outstanding? Is it real, personnel or nominal account
Briefly explain the main stages for computing the total cost per unit under the absorption costing system.
Describe distinguish between the term Financial Accounting and Management Accounting?
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