Define cost accounting?
- 8 Answers
- 13364 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
what is the scenario of multi-org setup?
diiffrence b/w provsion & reserve
what does debit and credit mean in accounting and what is its underlying concept and its treatment. in the cash book dr means receipt nad credit means payment? is it correct?
Can anyone mail journal entries for me? my Mail id rukmini@live.in
what is sox ?
what are Miscellaneous expenses? where it posted ?give with example and why it is call miscellaneous expenses
what do mean by drawing?
What are the Functions of Accounting
Expand RMP
If I purchased a machinary of Rs. 50,000 and Received a free printer of Rs. 3000 . What its Accounting entry?
Short Answer on ________Previous Year
EXPAND_________ULCRA
Audit 
