What item is not included in cost accounting

Asked by admin @ 25/08/2021 in Accountancy viewed by 520 People

Answered by admin @ 25/08/2021

Answer:

Loss on sale of fixed assets will not appear in cost accounting. Debit cash for the amount received, debit all accumulated depreciation, debit the loss on sale of asset account, and credit the fixed asset.

Which item is included in the nims management characteristic of accountability

Asked by wiki @ 28/10/2020 in Business viewed by 475 persons

The cost accounting system which is used when producing customized

Asked by admin @ 23/11/2021 in Business viewed by 278 persons

Match each term with the best definition given blow. Note: Not all definitions will be used. a. A detailed record of costs incurred to complete a specific job. b. A …

Abnormal items included in closing stock should be

Asked by admin @ 29/08/2021 in Accountancy viewed by 501 persons

Abnormal items included in closing stock should beopening stock can be ascertained by preparing

Cost accounting provides all of the following information except

Asked by admin @ 20/08/2021 in Accountancy viewed by 499 persons

Cost accounting provide all the information except... (a) product cost (b) cost of good sold (c) inventory values (d) cash forecasts

The cost of insurance and taxes are included in

Asked by admin @ 10/08/2021 in Math viewed by 285 persons

The cost of insurance and taxes are included in select one: a. set up cost b. cost of shortages c. inventory carrying cost d. cost of ordering

Which of these is not included in total inventory cost

Asked by admin @ 04/08/2021 in Business Studies viewed by 307 persons

Which of these is NOT included in total inventory cost? Select an answer: storage costs factory equipment costs tariffs ordering costs

Economic costs of production differ from accounting costs in that

Asked by admin @ 02/08/2021 in Economy viewed by 302 persons

Economic costs of production differ from accounting costs in that

Prescription drugs account for 25 of all healthcare related costs

Asked by maham237 @ 29/04/2021 in Health viewed by 386 persons

True or False:

Cost of goods sold managerial accounting

Asked by maham237 @ 21/02/2021 in Business viewed by 359 persons

The field of finance deals with two basic decisions. They are the investment decision (to what projects or assets should funds be allocated) and the financing decisions (from where should …

Cost accounting differs from financial accounting in respect of

Asked by admin @ 11/08/2021 in Accountancy viewed by 449 persons

Cost accounting differs from financial accounting in respect of

Costing is specialized branch of accounting which deals with

Asked by admin @ 11/08/2021 in Math viewed by 299 persons

1 Costing is specialized branch ofaccounting which deals with:

The cost of renting a van for one day includes

Asked by admin @ 04/08/2021 in Math viewed by 283 persons

The cost of renting a van for one day includes a flat rental fee plus a charge for each mile the van is driven while it is rented. A van …

The entry to close the income summary account may include

Asked by admin @ 29/11/2021 in Business viewed by 296 persons

The entry to close the Income Summary account may include Multiple Choice a debit to Income Summary and a credit to the owner's capital account. a debit to Income Summary …

The current account in a nation's balance of payments includes

Asked by admin @ 05/11/2021 in Business viewed by 306 persons

Which of the following are included in a nation’s balance of payments accounts?I. International tradingII. International lendingIII. Domestic investmentI only.I and II only.I and III only.II and III only.

The entry to close the expense accounts normally includes a

Asked by admin @ 26/11/2021 in Business viewed by 285 persons

Prepare journal entries to close the balances in temporary revenue and expense accounts. Remember to consider the entry for shrinkage from QS 5-9. (The solution from QS 5-9 is required …