Opportunity cost

access_time 2019-01-31T05:01:16.974Z face CA N Raja
Let’s say your company has got 10 million Bank deposit and it is earning interest from the deposit.Now company has taken a decision to finance that expansion project by withdrawing money from bank deposit .When company implements this decision it is going to lose that interest on the Bank deposit. S...

What are Overheads?

access_time 2019-01-29T05:04:59.916Z face Raja
What do we mean by overheads? overheads are nothing but expenditures which you cannot trace or identify with any particular cost or product. This is an expenditure which is incurred but you cannot trace this expenditure or identify this expenditure with any particular cost unit . It means that these...

Missing Vouchers

access_time 2019-01-25T04:25:04.483Z face CA N Raja
We know for every transaction recorded in the books of Accounts. That should be supporting documentary evidences. if for any of the transactions voters are supporting documentary evidences are not available then that non availability will be termed as missing vouchers. This can be intentional indica...

First in first out method

access_time 2019-01-21T06:51:50.977Z face CA N Raja
Let us consider stores department as an example. which receives material when they are purchased and issues the materials for onsumption.When materials are issued for production, They have to be priced and closing stock of material have to be valued. If materials are issued for production at the pri...

what is job costing?

access_time 2019-01-18T12:09:35.942Z face CA N Raja
Take example of printing press, motor workshop and all they will be undertaking work on the basis of customers order only .it means they won’t sell one product to all they will be building or developing what customers says .in order to bill customers. cost of each job have to be ascertained separate...