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Define cost accounting?
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Answer / sajeev kumar.v
According to ICMA Londan defines cost accounting is the
process of recording,classifying,allocating and reporting
various costs incurred in the prduction of manufacturing a
product and determinrd for the purpose of managerial
decision- making,planning and control.
| Is This Answer Correct ? | 24 Yes | 0 No |
Answer / david kiragu
Its the process of accoumulating cost
(material,labout,overheads)that help in the determination
of product (unit0 cost.
| Is This Answer Correct ? | 18 Yes | 4 No |
Answer / shilpalatha
The process of identifying and evaluating production cost
| Is This Answer Correct ? | 16 Yes | 5 No |
Answer / amani kisingi
cost a/cing is the application of accounting and costing
princiles, methods and technique to predict future costs
and profit.
cost accounting helps to analyse the profit of individual
products,services and job. Setting price to cover
production cost and generate the expected level of profit
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / venky
cost account is the identifying ,recording and classifying
of which transaction relating to cost ,( means if any cost
like vareable,fixed and marginal ect). this recording of
costs helps to management decisions.
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / karun
cost account is the identifying, recording and classifying
of which trancation relating to cost.(it means if any cost
like variable fixed and marginal etc) this recording of
costs helps to management decisions.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / karun kumar
cost accounting of provision of such analysis and
classification of expenditure as will enable the total cost
of any particular unit of production to be accertaineand
the with reasenable degree of accuracy and the same time to
disclose exxatly how such total cost.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / shanur rahman khan
Method of accounting in which all elements of cost incurred in carrying out an activity or accomplishing a purpose are collected, classified, and recorded. This data is then summarized and analyzed to arrive at a selling price, or to determine where savings are possible. In contrast to financial accounting (which considers money as the measure of economic performance) cost accounting considers it as the economic factor of production.
| Is This Answer Correct ? | 2 Yes | 0 No |
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