Cost accounting disclose mcq

  • What costs reflected in accounting system only are called mcq?

    Costs reflected in accounting system only are called as historical costs.
    Explanation: As per accounting concept, all acquisitions made in the books of account are at acquisition cost or historical cost or past costs.
    Financial statements are presented on the basis of book cost i.e., historical costs..

Financial accounting discloses the profit /loss for the organization as a whole while cost accounting provides the information of cost of each product, job or service and profit/loss on each of it. Was this answer helpful?
Financial accounting discloses the profit /loss for the organization as a whole while cost accounting provides the information of cost of each product, job 

Does a contractor have to disclose cost accounting practices?

(2) The clause at FAR 52.230-3 requires the contractor to comply with 48 CFR 9904.401, 9904.402, 9904.405, and 9904.406 to disclose (if it meets certain requirements) actual cost accounting practices, and to follow consistently its established cost accounting practices. (c) Disclosure and Consistency of Cost Accounting Practices-Foreign Concerns.

,

How financial accounts help the management in making a decision?

financial accounts helps to judge the efficiency or productivity of the concern cost accounting techniques helps the management in making decision or planning for future Answer» C. financial accounts helps to judge the efficiency or productivity of the concern 2. 3. 4. whether a cost is incurred in a manufacturing trading or service company .

,

What Is Cost Accounting?

Cost Accounting is the process of tracking, recording, and analyzing the costs associated with a particular business activity or enterprise.
Cost Accounting enables businesses to make informed decisions about where to allocate their resources to maximize profits.


Categories

Cost accounting director jobs
Cost accounting direct method
Cost accounting fifo and lifo method pdf
Cost accounting firms in chennai
Cost accounting financial statements
Cost accounting firms in kolkata
Cost accounting firms in hyderabad
Cost accounting firms in delhi
Cost accounting first chapter
Cost accounting firms in pune
Cost accounting fixed and variable costs examples
Cost accountant gifts
Define cost accounting and give example
What is general cost accounting
Cost accounting hindi book
Cost accounting hindi mein
Cost accounting hiring
Cost accounting hiring laguna
Cost accounting history definition
Cost accounting historical