Tag Archives | Costing

Costing: Meaning, Aims and Methods | Cost Accounting

After reading this article you will learn about:- 1. Meaning of Costing 2. Aims of Costing 3. Methods 4. Advantages. Meaning of Costing: Costing has been defined by the Institute of Cost and Works Accountants, England as: "The technique and process of ascertaining costs." Whereas, Wheldon has defined the costing as: "Costing is the classifying, recording and appropriate allocation of [...]

By |2016-11-02T05:59:46+05:30November 2, 2016|Cost Accounting|Comments Off on Costing: Meaning, Aims and Methods | Cost Accounting
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Top 3 Methods of Costing | Financial Management

This article throws light upon the top three methods of costing. The methods are: 1. Job Costing 2. Process Costing 3. Multiple Costing. Method # 1. Job Costing: Job costing is system of costing in which costs are ascertained in terms of specific job or order which are not comparable with each other. The unit of costing in this method [...]

By |2016-06-22T16:17:23+05:30June 22, 2016|Cost|Comments Off on Top 3 Methods of Costing | Financial Management
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