Cost accounting will record only quantitative aspects. various Management Accounting will record both quantitative as well as qualitative aspects.Second differences with respect to objective.The objective of cost accounting is to record cost of producing a product or providing a service where is obj...

Fund flow statement is basically prepared to know what caused changes in financial position between two accounting periods.It analyses what are the reasons for the changes. so the focus is what and why of changes whereas cash flow statement will ascertain what caused changes in cash and cash equival...

We can say batch costing is an extension of job costing.Here homogenous products will be produced in a continuous production flow and what do we mean by Batch here? Batch means small number of orders passed through the factory . Each batch will be treated as Cost Unit and they will be separately Cos...

In the balance sheet you have two sides Liabilities side and Asset side. This liability side can be divided into two.Current liability and Long term liability.Similarly on the asset side can also be divided into two.One is current asset and the other one is Non current asset .Now let us focus on thi...

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...