What is the Difference among COST,PRICE and VALUE?

Answer Posted / shalini

Cost:- Cost refer to Production Cost
Price:- Price include a fixed % of profit
Value :- on a particular time what's the Value for that product.Example:- 100/- is production cost of scientific calculator market price is 120/- including fixed % of profit & other transaction charges, after 1 year its value is Rs/- 50 (excluding depreciation).

Is This Answer Correct ?    7 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is accounts payable?

1738


1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation

1661


Explain the word Liquidation

1620


What is DRA in bank reconciliation.

1568


why do you think you are sutable candidate for this post

1691






the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.

1635


WhatIs the limit of duty exemption in smal scale industries.

1814


AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE

1813


what are the suggestions to control NPA in rural areas?

3645


What type of questions in accouting point of respect they ask genrally plz help me find out this.

1707


what about case study

1775


What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?

1436


what is exercise duty how to calculate that and how to update in tally

1874


someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..

2133


WHAT IS INTEGRAL ACCOUNTING

1865