Costs for Analytical and Decision-Making Purposes
Imputed costs: Imputed costs do not involve actual cash outlay (cash payment). They are not recorded in the books of accounts. They are not measurable…
Accounting
Classification of Cost
Classification of Cost: Classification of Cost is variety,it Costs may be classified on different bases. They can be classified as follows: By time (historical, predetermined) By nature…
Cost Control
Cost Control: The process or activity on controlling costs associated with an activity, process, or company. Cost control typically includes (1) investigative procedures to detect variance of actual costs from budgeted costs, (2) diagnostic procedures to ascertain the cause(s) of variance, and (3)…
Overall Accounting Procedure of Real Estate Company
An-Overview Techno Holdings Limited. (THL) has been a part of the real estate industry in Bangladesh for not very long but has earned a good…
Company Profile With Accounting System
INTRODUCTION Real estate plays an important role in the business sector. Basically Real Estate Company ensures the basic needs of the people. Our beloved motherland…
Procedure of Process Costing
Process Costing: Process costing is a type of operation costing which is used to ascertain the cost of a product at each process or stage of manufacture. CIMA defines…
Difference between Job costing and Process Costing
Difference between Job costing and Process Costing Job costing involves the detailed accumulation of production costs attributable to specific units or groups of units. For…
What is the Mean by Process Costing?
What is the Mean by Process Costing? Process costing is a term used in cost accounting to describe one method for collecting and assigning manufacturing costs…
Meaning of Operating Costing
Meaning of Operating Costing: It is a method of ascertaining costs of providing or operating a service. This method of costing is applied by those undertakings…
What is Reconciliation of Cost and Financial Accounts?
What is Reconciliation of Cost Accounts and Financial Accounts? Reconciliation of Cost and Financial Accounts is process to find all the reasons behind disagreement in…
Contract Costing
Contract Costing: Contract costing is the tracking of costs associated with a specific contract with acustomer. For example, a company bids for a large construction project with a prospective customer,…
Distinction between Job Cost and Contract Cost
Distinction between Job Cost and Contract Cost: Job costing and contract costing both are the methods of costing and used when we receive specific order for performing any…
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