Cost Accounting is a high value subject and all commerce graduates must possess knowledge 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 through 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 devided into seven chapters to fully cover the syllabus of state model syllabus for odisha stste 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. This will help students tackle examination questions with ease. 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.
1.Introduction to Cost Accounting
2.Accounting for Material
3.Accounting for Labour
4.Accounting for Overheads
5.Cost Sheet (Output Costing, Job Costing, Batch Costing)
Appendix A: Last Minute Revision (LMR)
Appendix B: Model Test Papers