Accounts

[kartik]

Post your questions and queries on Accounting and help others by replying to this section

[Nitin1987]

Hello Guys,
I need to know about reference books to help in CVP analysis.

[ruvi_143]

what are d diffs btwn savings bank ac and fixed deposit ac?

[ashujsingh]

project on job/process a/c.pls can u help.cost sheet of the company has been made compulsary.can u help pls.

[ashujsingh]

mgmt a/c project:job/process costing.cost sheet has been made compulsary.can u help pls.

[gattacan]

Hi.
Can u plz post Standard Costing notes. I have to make a submission regarding that in college.

[sumitk]

hi
can iget information on earning per share ie EPS

[comeangetm]

hey guys,
I got a proj in accounts on the topic insurance where we require some info of the company and how they maintain accounts .... some1 plzzz help..!!!!

[aditaymore_87]

Plz help required on uniform costing.........ne articles or illustrations would be of gr8 help

[silgun]

Pls find attached,

Sorry i am not able to attach

i have lot of forms related to accounts


john

[click4tina]

what are d diffs btwn savings bank ac and fixed deposit ac?


In savings A/c, there's no time limit...and anytime u can withdraw and deposit money and the current interest on saving a/c is 3.5%

While in Fixed deposit a/c, u can deposit for a fixed period of time and in between, u can't withdraw money and if u do, sum charge is levied......current interest rate of FD a/c is around 8% and is falling!!!!

[click4tina]

project on job/process a/c.pls can u help.cost sheet of the company has been made compulsary.can u help pls.


hey... I have these two cost sheets on an automobile manufacturing co. which follows the Job production.....I hope it ll be helpful to u!!!

[click4tina]

hi
can iget information on earning per share ie EPS


EPS, i.e. "Earning per share" is the.......

Total income of the company after tax / No. of shares

[click4tina]

Pls find attached,

Sorry i am not able to attach

i have lot of forms related to accounts


john


Well.... after ur message just click on "Go Advanced" and then, u ll get the "Upload Projects/notes" option!!!!!

[purush_tiwari]

Uniform costing

IT IS the use by several undertakings of the same costing principles and practices. Where uniform costing is introduced there must be some uniformity in the treatment of expenses and general accounting procedure. The important matters which require uniformity of treatment may be summarised as under:

General cost accounting policies and principles: the method of costing together with the techniques of costing such as standard costing, marginal costing to be employed should be determined in advance.

Classification of accounts: There must be uniformity in the classification and codification of accounts.

The definitions must be clear so as to distinguish between direct and indirect materials, wages and expenses. There must be a general agreement as to the methods and techniques of recording accounting data as well as submission of reports and statements for planning and control.

Allocation and apportionment of overhead: The organisation should be divided among suitable cost centres and the bases for the apportionment and allocation should be incorporated so that all members follow the same principles. These will ultimately help in analysis and comparison of cost of production and service cost centres. The methods of application of administration, selling and distribution overheads should also be uniform.

Absorption of overhead: Uniformity in the method of overhead absorption is essential under uniform costing. The method selected must be most suited to its requirements.

Treatment of some special items: Besides uniformity in procedure as regards materials, wages and overhead, there should be a general agreement as to the treatment of the following:


The method of depreciation and pricing of materials.

Whether interest on capital should be included and, if so, on what basis?

Whether notional rent charge or interest should be made for freehold land and buildings?

How expenses in connection with the buying, storing, handling and issuing of materials should be treated?

What should be the treatment of wastages, scraps, by-products, overtime, charitable donations and under- or over-absorbed overheads?

Standardised cost statements, forms, and so on, and their submission thereof.

Items which should be excluded in cost accounts.

[nikunj]

Plz help required on uniform costing.........ne articles or illustrations would be of gr8 help

[vishesh_spl]

thanx very much

[vishesh_spl]

thanx nice post

[Prof.P.Jhabak]

Hi,

EPS = NPAT - Pref.Div / no. of euity shares.

....study along with P/E ratio.

saving a/c u get low interest (3.5% ) but can withdraw money @<hidden> anyday

fixed deposit a/c u get high interest (9.25%) but can withdraw money @<hidden> only when term i,e FD period ends

[rames]

hi


Is there any difference between accounting standards in cross countries.

Reply

Thanx