What is cost accounting? What is cost sheet?

joel.francis.7351

Par 100 posts (V.I.P)
Cost accounting is the recording of all the costs incurred in a business in a way that can be used to improve its management.

A cost sheet is a report on which is accumulated all of the costs associated with a product or production job. A cost sheet is used to compile the margin earned on a product or job, and can form the basis for the setting of prices on similar products in the future.



You will find a lot of research reports and study material on cost accounting here : Cost Accounting Projects Reports | Project Reports on Cost Accounting

Fundamentals of cost accounting can be downloaded from here : http://www.managementparadise.com/forums/final-100-mark-project/155199-cost-accounting.html

and Management accounting and Cost accounting - ManagementParadise.com

Your question regarding bad debts has been answered here : http://www.managementparadise.com/forums/accountancy/22424-query-cost-sheet.html

Cost of production + Selling and distribution overhead = Total cost or cost of sales

Bad debts can only occur with vendors and distributors and that is why it will come under it.
 
What is cost accounting ? Is bad debts included in cost sheet and what is cost sheet ?

Hey joseph, as you asked for the cost accounting and cost sheet information so i found out important information regarding both terms. Well, i am uploading a document where you would find detailed information and answers of all your queries.
 

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