Accounting Methods
Cost Accounting System – CA Inter Costing Study Material Question 1.Explain integrated accounting system and state its advantages. fCA Inter Nov. 2019, May 2019, May 2015, May 2012, May 2010, 5 Marks]Answer:Integrated Accounting System:Integrated Accounting System is a system of accounting, where the cost and financial accounts are kept in the same set of books. […]
Overheads: Absorption Costing Method – CA Inter Costing Question Bank Question 1.Distinguish between Fixed overheads and Variable overheads. (May 2010, 2 marks)Answer:Fixed Overheads Vs. Variable OverheadsFixed overheads are not affected by any variation in the volume of activity, e.g., managerial remuneration, rent etc. These remain the same from one period to another except when they […]