Purchase Price Variance

417 views
User Avatar

Accountant
53 Points Posted on 06 November 2020
Purchase Price Variance is comes under which account head for manufacturing industry
0 Reply Share Follow
On 06 November 2020 at 23:21 Report
Replies (3)
Quick Summary
This discussion clarifies that Purchase Price Variance is a distinct concept within standard costing, not a specific account head itself. While standard costing is a separate management tool used for analysing profit variances, the purchase price variance is an outcome of this analysis. It helps businesses understand discrepancies between budgeted and actual costs.

User Avatar

Profession
28261 Points Posted on 07 November 2020
Purchase price variance is a seperate concept under standard costing.
Reply
On 07 November 2020 at 07:12
User Avatar

Accountant
53 Points Posted on 07 November 2020
Ok, But it comes under which account head???
Reply
On 07 November 2020 at 10:38
User Avatar

Profession
28261 Points Posted on 07 November 2020
Standard Costing is a seperate subject and a different mangement tool used to analyse variances in profit budgeted and actual profit.
Reply
On 07 November 2020 at 11:38

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Gross total income
  2. Export Compliance
  3. Sale of plots in open land
  4. Income tax query
  5. Best CA Inter coaching in laxmi nagar
  6. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  7. Unregistered Association of Persons (AOP) Agreemen
  8. Intimation u/s 245 of income tax act
  9. Ewaybill query
  10. IDS Refund: GSTR-2B Invoice Not Validated in State

More recent discussions | Post

Related Topics :

Loading