How cost accounting is superior over financial accounting Explain the techniques of costing and their application and suitability

Financial and Cost Accounting

How cost accounting is superior over financial accounting Explain the techniques of costing and their application and suitability

Answer the following question.
Q1. What are the advantages of cost audit? (10 marks)
Q2. Define Budgetary Control and explain the pre-requisites for its successful introduction and implementation? (10 marks)
Q3. How cost accounting is superior over financial accounting? Explain the techniques of costing and their application and suitability. (10 marks)
Q4. What do you mean by installation of costing system? Explain the practical difficulties involved in installing such a system in a manufacturing concern (10 marks)
Q5. Cost accounting has become an essential tool of management. Mention the steps to be taken while installing cost accounting system in a manufacturing concern. (10 marks)
Q6. Define cost accounting and bring out the differences between cost accounts and Financial accounts. (10 marks)
Q7. Define “Costing”, “Cost” and “Cost Accountancy”. Distinguish between cost
Q8. What is the different between cost accounting and management accounting? (10 marks) accounting and financial accounting (10 marks)

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