Cost Accounting
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Perpetual and periodic stock systems
Usually, knowing the net stock position and cost of stock issued during the year is crucial in order to calculate…
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What is the Budget Period in Accounting?
The budget period may be defined as the period for which a budget is prepared and employed. The budget period…
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Differences between standard cost and standard costing
Standard cost is a predetermined cost. It is a determination in advance of production, of what should be that cost.…
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Advantages of Cost Audit
The following are the main advantages of cost audit to management, cost accountant, shareholders, taxpayers, government and consumers: Cost audit…
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Types of Cost Audit
The following are the main types of cost audit: Cost Audit to Assist The main object of these types of…
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