Cost Accounting is a high value subject and all commerce graduates must possess knowledge of cost accounting concepts and practices. It helps in planning and controlling of costs of products and services and also in making managerial decisions, which in turn assists in maximization of profit. This volume is an attempt to provide the students with thorough understanding of the cost accounting concepts, methods and techniques. I have presented the subject matter in a systematic and intelligible manner with liberal use of numerical illustrations and diagrams so as to make it interesting and sustain student interest.
The book has been divided into eight chapters to fully cover the syllabus of B.Com. (General) of Telangana University as per CBCS. Based on the conviction that students can really learn cost accounting by solving problems, the theory and problems approach has been adopted to fully meet all the examination needs of the students in one book. Thus, apart from well organised theory, the book has sufficient number of solved problems and illustrations and unsolved problems with answers and hints, apart from short answer questions and essay type questions. The theory questions and practical problems have been mostly selected from examinations of B.Com., BBA and BBM of various leading Indian universities and also CA, CS, ICWA examinations, etc.
Contents –
1. Introduction
2. Material
3. Labour
4. Overheads
5. Unit or Output Costing (Cost Sheet and Tenders)
6. Job Costing
7. Contract Costing
8. Process Costing
