Amalgamation Account | Full Revision | Corporate Account
Автор: Accounting Guru Vipul Mishra Sir
Загружено: 2022-04-22
Просмотров: 238
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Cost Accounting Revision | Chapter Wish |: • Плейлист
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Financial Accounting For BCom: • Плейлист
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Income-Tax(A.Y-2021-22): • Плейлист
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Corporate Account (2021-22) New Session: • Плейлист
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What Is Process Costing?
With process costing, companies determine item cost by tracking the cost of each stage in the production process, instead of tracking costs for each individual item. After adding up the cost of all the steps in the process, they divide the total cost by the number of items. This is called the cost per unit. For example, a paper company might track the cost of each stage in the process of turning wood pulp into reams of paper, then divide the total cost by the number of reams to get the cost per ream.
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