Tag Archives | Methods

Top 2 Methods of Costing | Accounting

The following points highlight the top two methods of costing. The methods are: 1. Specific Order Costing 2. Continuous Operation Costing. Method # 1. Specific Order Costing: CIMA defines specific order costing us “the basic costing method applicable where the work consists of separate contracts, jobs or batches, each of which is authorized by a […]

Top 2 Methods of Accounting for Amalgamation

The following points highlight the top two methods of accounting for amalgamation. The methods are: 1. Pooling of Interests Method 2. Purchase Method. 1. Pooling of Interests Method: This method is followed in case of an amalgamation in the nature of merger. Under this method, the assets, liabilities and reserves of the transferor company are […]

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