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Cost accounting - Coggle Diagram
Cost accounting
Cost accounting
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Utility
It refers to begin with an assessment made by the person who enjoys (or suffers) a service or a certain state.
The Accounting Cycle
An accounting period, in accounting, is the period in which the accounting books of any entity are referred to.
Cost Reports
The fact that adjustments are recorded in the adjustment columns of the worksheet does not imply that such movements affect the general ledger accounts.
Accounting Cycle
Commodity Accounting
To maintain a stock investment properly balanced, planning and control work is required.
Balance Sheet Content
The balance sheet, balance sheet or statement of financial position is an accounting financial report that reflects the economic and financial situation of a company at a given time.
Statement of income
The income statement, economic performance statement or profit and loss statement is a financial statement that shows in an orderly and detailed way how the result of the year was obtained during a given period.
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Nature of Costing
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Total and Unit Cost
Variable cost is that which results from adding variable inputs and which causes increases in production.
The total costs of the company at various levels of production are equal to the sum of the total fixed costs plus the total variable costs corresponding to those productions.
Total fixed costs are what the company incurs regardless of the volume of production in a given period.
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