Cost accounting tybcom sem 5

  • What is cost accounting in BCOM?

    Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing the variable costs of each step of production as well as fixed costs, such as a lease expense.
    Cost accounting is not GAAP-compliant, and can only be used for internal purposes..

  • What is the accounting cost in finance?

    Accounting cost can be defined as the cost of activity as recorded.
    Accounting costs are tangible costs comprising business fundamentals like payroll, production costs, and marketing budgets.
    Accounting costs are recorded in the business ledgers so that they appear in its financial statements..

5 Classification of Costs and Cost Sheet. 10. 6 Reconciliation of cost and financial accounts. 10. Total. 60. Page 3. 1 Introduction to Cost.

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