Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Cost Accounting may be described as that part of the accounting system of an organization
which is devoted to ascertaining in as precise manner as possible the costs of a particulars
process, batch, job, services or unit of industrial activity not as end in itself but as a means of
controlling all the factors which influence cost — "The Institute of Chartered Accounts of
England and Wals”.
Cost Accounting:
Cost accounting data are required for internal use. It is mainly concerned with detailed
analysis of costs to provide facts required by operating executives.
These facts are needed for every phases of business activity in relation to:
I. Cost determination with a view to fixing prices or submitting tenders or quotations;
II. Providing Control information;
III. Assisting in policy determination; and
IV. Preparing short-term and long-term plans.
Description Taka Taka
Raw Materials:-
Stock 1st January $$$
(+) Purchases $$$
(+) Carriage Inward (Carriage on Purchase) $$$
(-) Stock 31st December ($$$)
(a) Materials Consumed:- $$$$