Specimen of Cost Sheet: It’s Meaning, Importance and Accounting Treatment! Meaning and Definition: The expenses of a product are analysed under different heads in the form of statement. This statement is called cost sheet. Walter & Bigg define, Cost sheet as follows: “The expenditure which has been incurred upon production for a period is extracted […]
The below mentioned article provides a specimen of cost sheet. Cost sheet identifies flow of input throughout the conversion process till its sale or consumption.
For ascertainment of cost of production and profit, cost sheets are prepared on periodical basis. The proforma cost sheet is given below: The cost sheet not only shows the total cost but also the cost per unit for a particular period and it helps the management in cost comparison, analysis and control. The accumulation of […]