Accountancy, asked by prajeshchavan, 1 month ago

Notional remuneration to owner appears only in which costing​

Answers

Answered by pratibhapandey9300
0

Answer:

107000

Explanation:

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Answered by swethassynergy
0

"National remuneration to owner" appears only in "cost accounts."

Explanation:

  • Cost accounting is used to define and capture all the costs related to the manufacturing process. It is a form of managerial accounting.
  • In this method of accounting, both variable and fixed costs are assessed and analyzed individually and then compared with production results.
  • It helps the management to ascertain the financial performance of the company and take decisions according to the situation.
  • It helps the company to take cost control measures which increase the profitability of the company.
  • "Notional remuneration to owner" is an expense. It is debited in the cost accounts and appears only in cost accounts.

The question is slightly incorrect. Here is the correct question:

"Notional remuneration to owner" appears only in which accounts?

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