State the advantages of costing. How it aids the management and what objections are raised against cost accounts
Financial and Cost Accounting
Q1. What is the different between cost accounting and management accounting? (10 marks)
Q2. Define costing. How does it differ from financial accounting? Explain its importance under present circumstances. (10 marks)
Q3. State the advantages of costing. How it aids the management and what objections are raised against cost accounts (10 marks)
Q4. Define costing critically evaluate the arguments for the installation of costing system in an industry. (10 marks)
Q5. Define Budgetary Control and explain the prerequisites
for its successful introduction and implementation? (10 marks)
Q6. Standard costing is a valuable aid to management discuss. State in brief limitation of standard costing? (10 marks)
Q7. What are the advantages of cost audit? (10 marks)
Q8. Explain the term Convention of materiality. (10 marks)
State the advantages of costing. How it aids
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State the advantages of costing. How it aids
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State the advantages of costing. How it aids
