Accountancy, asked by sudheerks1861, 1 year ago

Difference between costing and financial profit/loss

Answers

Answered by swastiksuman22pas1lx
0
Costing doesn't take into account pure financial charges and incomes like depreciation, interest received/paid,discount/ premium on issue of share or debentures, profit or loss on sale of fixed assets etc. This is reason of difference in profit of financial accounts and cost accounts
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