Accounting

Definition of Job Costing :  Job Costing is method of costing in which we calculate the cost of each job. Job here means a small…

Definition of Overhead: In business accounting, overhead is general operating expenses, including such items as heat and electricity for the premises, that have no direct…

Objective of Labour Cost Control: The purpose of labour cost control is to provide a comparison of an actual cost with a standard cost in…

Definition Job Evaluation: Job Evaluation  is the process of objectively determining the relative worth of jobs within an organization. It involves a systematic study and analysis…

Definition: The cost of wages paid to workers during an accounting period on daily, weekly, monthly, or job basis, plus payroll and related taxes and benefits . Labour cost means all amount which direct or indirect is given to labourer or…

ABC Analysis: ABC Analysis is the basis for material management processes and helps define how stock is managed. It can form the basis of various activity including…

Methods of Costing: We know that costing is the system of calculating the cost. In the system of costing, we use different methods of costing. Any method…

Definition of Cost Accounting: Cost accounting is a process of collecting, analyzing, summarizing and evaluating various alternative courses of action. Its goal is to advise the…

Inventory Control An inventory is a stock or store of goods. Keeping an optimal amount of raw materials in stock is a crucial component of any…

COSTING FUNCTION OF A GARMENT Definition: The Costing Function is a function of input prices and output quantity. Its value is the cost of making that output…

Definition of Merchandising: The word merchandising has become very popular in the garments trade of Bangladesh. And the job of merchandising has also taken a…

The IAS 30 is to prescribe appropriate presentation and disclosure standards for banks and similar financial institutions (hereafter called ‘banks’), which supplement the requirements of…