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Cost Accounting
book

Cost Accounting

by K. Alex
February 2012
Intermediate to advanced content levelIntermediate to advanced
756 pages
17h 6m
English
Pearson India
Content preview from Cost Accounting

9

Reconciliation of Cost and Financial Accounts

CHAPTER OUTLINE
LEARNING OBJECTIVES

After reading this chapter, you will be able to understand:

  • The reasons for the difference in the profit or loss as per financial and cost accounts;
  • The need for reliability of cost accounts;
  • To coordinate the activities of financial and cost accounts;
  • The method of reconciling the cost and financial profits;
  • The circumstances that lead to the difference between cost and financial profits;
  • Solving the sums when any of the profits (cost/profit) is given;
  • Solving the sums when both the profits are given; and
  • Solving ...
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Publisher Resources

ISBN: 9789332515642