Interested to Buy Any Domain ? << Click Here >> for more details...
difference Between Cost Accounting and Financial Accounting?
- 56 Answers
- 158619 Views
- AJL, Amity, College School Exams Tests, IILM, Saga, Unilever, I also Faced
- E-Mail Answers
Answer Posted / adelaida labrador
Cost accounting deals primarily in allocation and
controlling of cost of labor, materials and overhead in the
production of a product. The results is used in the
determination of cost of goods sold and profit margin from
sales. Financial aacounting is concerned with analyzing,
summarizing, recording and reporting of all financial
activities of a business in the P & L and statement of
financial position based on company's established policy
and procedures, generally accepted accounting principles
and or IFRS.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
In term of banking what do you mean by labs?
Why the banks are going to lend the money at varied interest rate?
What are the limitations that should be known before trading?
What is the risk coverage of PM Jeevan Jyoti Bima Yojana?
Which committee had worked for the recapitalisation of regional rural banks (rrb’s)?
What is communism?
What is 'asset duty'?
What are the departments in RBI?
What do you know about PPF Account? Do you have a PPF account?
What are the things that have to be kept in mind while entering into stock exchange?
Name the basic documents that a person requires to open an account?
What do you understand by Bulls and Bears?
What Are The Different Types Of Loans Offered By Commercial Banks?
Name some para-banking activities?
According to kyc guidelines which are the three documents that are mandated by rbi?
