This paper emphasises on cost accounting, its meaning, objectives, scope etc. The paper deals with methods of costing like contract costing, process costing, operating costing etc. The paper also involves study of reconciliation of cost and financial accounts and integral system. The paper also studies cost accounting of material, labour and overheads. The concepts of overheads- allocation, apportionment, reapportionment are also to be studied in this paper.
- Teacher: Kedar Marulkar