Qualification > Commerce
Accounting AS level doubt!
Tohru Kyo Sohma:
--- Quote from: Syeda S. Nasir on May 24, 2011, 06:07:01 pm ---Dasith are there any questions in the pastpapers about batch and job costing in the summer session ??
i dont think so i came over any :-\
mimi
you have to know the difference between continuous and specific order operations
learn also the characteristics and examples of job costing
and learn to explain the difference between job costing and batch costing
^ u should have them in your textbook, learn them
--- End quote ---
what is continous and specific order operation!
im so not prepared for tomorrow.....:(
Tohru Kyo Sohma:
thanx dasith
bye
best of luck! ;D
Crooked:
Oh dayum. I didn't know this thread existed. If yuh guys got some prob with the theory of any accounting term or formula. Do lemme know. I'll try my best to help yuh out. ::)
And best of luck fer it, yeah. :D I hope yuh guys are well prepared. Esp with the CFS. Cash flow statements, i mean. :D
Tohru Kyo Sohma:
cash flow statement is not there in AS level.
but i do have doubts in accounting concepts....can u briefly but clearly explain to me alll the accounting concepts!
Dasith:
--- Quote from: mimiswift on May 24, 2011, 06:41:19 pm ---what is continous and specific order operation!
im so not prepared for tomorrow.....:(
--- End quote ---
Continuous processing is when a firm engages in mass production of one or a few single & identical goods, so its possible to apportion costs into 1 unit or a number of units . whiche ever way the company finds convinient.
This may involve many processes to produce the good.
specific order is when a company produces on customer orders i.e goods for each order may vary in cost & prices. so its hard to apportion costs to a single unit , instead its apportiond for each order. since each order is uniqe in cost compared with others .
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