Reconciliation of Cost and Financial Accounts

reconciliation of cost and financial accounts

In this Article, we will discuss the Reconciliation of Cost and Financial Accounts which includes- (i) Meaning of Reconciliation, (ii) Need of Reconciliation, (iii) Reasons for the Difference in Reconciliation, (iv) Procedure of Reconciliation, (v) Format of Memorandum Reconciliation Account, (vi) Practical Problems and Solutions of Reconciliation of Cost and Financial Accounts. Also Check- Complete … Read more

Codification of Overheads- Objectives, Merits and Methods

Codification of Overheads

What is the Codification of Overheads? Codification of Overheads refers to the process of assigning the production items by numbers, decimals, groups, subgroups. It is helpful to easily identify the different production items. Normally it is represented in simply numerically or alphabetically. In some situations, it is also represented in Decimals, Alphanumeric etc. Codification of … Read more

Difference between Allocation and Apportionment of Overheads

Difference between Allocation and Apportionment of Overheads

Allocation and Apportionment of Overheads starts with the Departmentalization in which it divides the work into the various Departments like in Production, Repairing, Machinery, Human Resource etc. Before knowing the Difference between Allocation and Apportionment of Overheads, firstly know its meaning. Also Check- Complete Cost Accounting Notes for BBA, BCOM, MBA PDF Download What is … Read more

Methods and Techniques of Costing |Cost Accounting

Methods and Techniques of Costing

Methods and Techniques of Costing plays a very important role in Cost Accounting. But there is a difference between the Methods and Techniques of Costing. But before knowing the difference, firstly know what are the various Methods and Techniques of Cost Accounting. Also Check- Complete Cost Accounting Notes for BBA, BCOM, MBA PDF Download Methods … Read more

Installation of Costing System – Steps in Installation and Difficulties

Installation of Costing System

Read this Article upto the End to know about the Installation of Costing System, essentials of Good Costing System, Steps, Difficulties and How to Overcome those Difficulties. When New Costing System is introduced in a firm for the Installation, it comes with a Complete set of Rules, steps or the procedure, benefits so as to … Read more

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