Cost Accounting

Contract Costing

  Contract costing is one of the variations of specific order costing. It is employed to ascertain cost and profit of did vidum contracts undertaken. A ‘contract’ is the cost unit. It is similar to job costing but they differ basically in the aspects of size and duration. The method Read more…

By Anagha Sanil, ago

Time keeping and time booking

  Overtime: Employees are expected to work during a fixed schedule of hours of a day or a week if they work beyond those hours the excess hours are called overtime hours. In other words, overtime work is called the work performed beyond normal hours. The Indian Factories Act provides Read more…

By Anagha Sanil, ago