Basic query in accounting
This query is : Resolved
08 October 2013
Please explain.
In Accounting (Accounting standard-2)
Cost of conversion =Prime cost+Production overhead is given.
In cost accounting, cost of conversion=Direct labour+Production overhead is given
I will be very much thankful to you.
In Accounting (Accounting standard-2)
Cost of conversion =Prime cost+Production overhead is given.
In cost accounting, cost of conversion=Direct labour+Production overhead is given
I will be very much thankful to you.
08 October 2013
in as-2 Prime cost means direct material + direct labour+ direct exp and it is much wider then cost accounting.
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