Important Differences between Routine checking and Test checking
by Routine checking Routine checking is a type of audit procedure that involves the regular examination …
Month: March 2023
Types of Audit, Audit by Specialty of Area
Auditing refers to the process of examining and verifying financial and operational records and activities …
Marginal Costing, Definitions, Types, Advantages, Disadvantages and Example
Marginal costing is a costing technique in which only the variable costs of a product …
Standard Costing, Process, Advantages, Disadvantages, Types, Example
Standard Costing, Process, Advantages, Disadvantages, Types, Example
Budgetary Control, Features, Techniques, Advantages, Disadvantages and Example
Budgetary control is a systematic process of planning, controlling, and coordinating business activities by establishing …
Reconciliation of Cost and Financial Accounts
Reconciliation refers to the process of comparing two sets of records or accounts to ensure …
Service costing, Features, Types, Benefits, Example
Service costing is a method of cost accounting used to determine the cost of providing …
Contract Costing, Concept, Objectives, Nature, Types, Procedure, Elements, Advantages, Limitations and Example
Contract Costing, Concept, Objectives, Nature, Types, Procedure, Elements, Advantages, Limitations and Example
Job Costing, Concept, Objectives, Features, Procedure, Types, Preparation, Advantages and Disadvantages
Job Costing, Concept, Objectives, Features, Procedure, Types, Preparation, Advantages and Disadvantages
Preparation of Cost Sheet and Tender Price, (Calculation of Tender, Quotation and Estimated price)
Cost Sheet: A cost sheet is a statement that shows the various costs that are …