Cost Accounting

Accounting is a discipline of maintaining statements concerning inflow and outflow of money in an organization. The art of maintaining accounts is formatted depending upon what the practitioner’s aim at deriving from these statements. Cost accounting is an area where application orientation is made for materials, labour, overheads and the like. The present book under review is written by two celebrated professors in accounting and finance. The book is written in a lucid style which is easily readable by students and practitioners. The concepts and the basic theory of accounting connected with costing have been detailed well. The book concentrates on solutions to problems by application of several methods to the problems of the organization. The formats of the computations made and the final interpretations of the solutions are done in style to the unique way of teaching. At the end of each chapter, problems have been solved to enable students practice and internalize solutions.