Cost accounting of meaning

  • Types of accounting

    (also oncost) Add to word list Add to word list.
    HR, ACCOUNTING. a cost that an employer has when they employ someone, in addition to the cost of paying the person's salary or wages: On-costs include pension contributions and payroll tax..

  • What is the meaning of on cost in cost accounting?

    (also oncost) Add to word list Add to word list.
    HR, ACCOUNTING. a cost that an employer has when they employ someone, in addition to the cost of paying the person's salary or wages: On-costs include pension contributions and payroll tax..

noun the recording of all the costs incurred in a business in a way that can be used to improve its management.

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