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Cost Sheet FINAL

Cost Sheet FINAL

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Published by ramanroy

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categoriesTypes, Brochures
Published by: ramanroy on Feb 04, 2010
Copyright:Attribution Non-commercial

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07/12/2013

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COST SHEET
DR. N.K.GUPTA
 
What is Accounting
Accounting is the art of recording,classifying and summarizing in asignificant manner and in terms of money transactions and events whichare in part at least, of a financialcharacter and interpreting the resultthereof.
 
Different types of Accounting
1.
FINANCIAL ACCOUNTING: In financialAccounting daily transactions are recordedthrough entries, ledgers are prepared, after a certain period trial balance is preparedand finally the final accounts.
2.
MANAGEMENT ACCOUNTING :It is used byManagement to control Expenses, toplanning purpose and for the purpose of decision making so that it may maximizethe profit of business.

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