In this article we will discuss about:- 1. Definition of Job and Job Costing 2. Features of Job Costing 3. Objectives 4. Essential Pre-Requisites 5. Merits 6. Demerits 7. Estimating and Its Importance 8. Procedure 9. Forms. Contents: Definition of Job and Job Costing Features of Job Costing Objectives of Job Costing Essential Pre-Requisites for Introduction of Job Costing Merits [...]
In this article we will discuss about:- 1. Meaning and Definition of Job Costing 2. Features of Job Costing 3. Objectives 4. Similarities 5. Procedure 6. Accounting System 7. Job Cost Sheet 8. Advantages 9. Disadvantages. Contents: Meaning and Definition of Job Costing Features of Job Costing Objectives of Job Costing Similarities between Job Costing and Contract Costing Procedure of [...]
In this article we will discuss about:- 1. Meaning of Job Costing 2. Features of Job Costing 3. Procedures 4. Advantages. Meaning of Job Costing: CIMA defines Job Costing as "that form of specific order costing which applies, where work is undertaken to customers special requirements and each order is of comparatively short duration (Compared with those to which contract [...]