After reading this article you will learn about Cost Accounting Records Rules:- 1. Subject-Matter of the Cost Accounting Records Rules 2. Classification of the Cost Accounting Records Rules. Subject-Matter of the Cost Accounting Records Rules: The Companies (Amendment) Act of 1965, under its Section 209(1)(d), incorporates a provision that proper books of account in the case of companies engaged in [...]
This article throws light upon the twenty-five special points to be considered before preparing cost statements. Some of the special points are: 1. Electrical Cables and Conductors 2. Engineering Industries 3. Mini-Steel Plant 4. Motor Vehicles 5. Caustic Soda 6. Paper 7. Rayon 8. Aluminum 9. Bulk Drugs 10. Industrial Alcohol 11. Infant Milk Food 12. Rubber Tyres and Tubes [...]
This article throws light upon the thirteen main industry-wise features of cost accounting record rules. Some of the features are: 1. Scope of Application 2. Materials and Components, etc. 3. Salaries and Wages 4. Utilities 5. Workshop/Repairs and Maintenance etc. 6. Multi-Purpose Vessels/Machines 7. Depreciation 8. Conversion Cost 9. Overheads 10. Research and Development Expenses and a few others. Cost [...]