Basics of Cost Accounting Class: FYBBA, FYBBA HTM

Assignment Task

Questions

1. Define Cost, Costing, Cost Accounting and Cost Accountancy

2. What are the objectives of Cost Accounting?

3. Define Cost and Explain the types of Cost.

4. Define Overheads and Explain its Classification.

5. What are the Elements of Cost

6. Explain in details the Concept Overhead Accounting

7. What are the methods of Costing?

8. Define Contract Costing and Explain its objectives, Advantages, and limitations.

9. Define Process Costing and Explain its Objectives, Advantages, and limitations.

10. Distinguish between Cost Accounting and Financial Accounting

Practical Problems:

1. Solve Any 20 Practical Problems on Cost Sheet from the Text Book

2. Solve Any 10 Practical Problems on Contract Costing from the Text Book. Write Question also 

2. Solve Any 10 Practical Problems on Process Costing from the Text Book. Write Question also 

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