Archive | Cost Book Keep

Integral Accounting System | Cost Accounting

In this article we will discuss about Integral Accounting System:- 1. Meaning of Integral System 2. Basic Features of Integral System 3. Essential Prerequisites 4. Practical Problems. Meaning of Integral System: Integral or Integrated system is a system of accounting under which only one set of account books is maintained to record both the Cost and Financial transactions. The system [...]

By |2016-06-10T10:14:14+00:00June 10, 2016|Cost Book Keep|Comments Off on Integral Accounting System | Cost Accounting

Principal Accounts and Cost Ledger | Cost Accounting

The following points highlight the top eleven principal accounts to be maintained in cost ledger. The principal accounts are: 1. General Ledger Adjustment Account 2. Stores Ledger Control Account 3. Wages Control Account 4. Work-in-Progress Ledger Control Account 5. Finished Goods Ledger Control Account 6. Factory Overhead Control Account 7. Administration Overhead Control Account 8. Cost of Sales Account and [...]

By |2016-06-10T10:14:14+00:00June 10, 2016|Cost Book Keep|Comments Off on Principal Accounts and Cost Ledger | Cost Accounting
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