Explain the advantages of cost accounting. What are the differences between cost accounting and Financial accounting
Financial and Cost Accounting
Q1. Discuss the limitations of financial accounting and explain the importance of cost accounting.
Q2. “A Good system of costing must place the same emphasize on cost control as on cost ascertainment”. Comment on this statement (10 marks)
Q3. Define costing. Discuss briefly the objectives and advantages of costing (10 marks)
Q4. . Cost accounting has become an essential tool of management. Mention the steps to be taken while installing cost accounting system in a manufacturing concern. (10 marks)
Q5. Explain the advantages of cost accounting. What are the differences between cost accounting and Financial accounting (10 marks)
Q6. How cost accounting is superior over financial accounting? Explain the techniques of costing and their application and suitability (10 marks)
Q7. Enumerate the steps involved in the installation of budgetary control system in an organization?
Q8. Distinguish between Accrual basis of accounting and cash basis of accounting.
Explain the advantages of cost accounting.
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Explain the advantages of cost accounting.
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We are a team of highly committed professionals, who aim at helping Clients to achieve their Goals. We believe in establishing long-term relationships with our clients by delivering value added services of high quality. We are sensitive to our Clients requirements without compromising on values like Integrity and trust. Understanding the abilities, offering them Quality services and meeting our client’s requirements at the right time are our Forte.
Explain the advantages of cost accounting.
