Archive | Cost Sheet

Specimen of Cost Sheet: It’s Meaning, Importance and Accounting Treatment

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 from the financial books and [...]

By |2018-06-18T11:02:01+00:00June 18, 2018|Cost Sheet|Comments Off on Specimen of Cost Sheet: It’s Meaning, Importance and Accounting Treatment

Ascertainment of Cost of Production and Profit | Cost Sheet

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 costs as shown in the [...]

By |2016-12-12T08:06:16+00:00December 12, 2016|Cost Sheet|Comments Off on Ascertainment of Cost of Production and Profit | Cost Sheet
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