Question

Which are the expenses shown only in cost accounting?

Answer 1

Answer:

There are lot of item which are shown in the profit and loss account only we make it as the financial account and only relevant expenses are incorporated in cost account.

Answer 2

Answer:

Explanation:

Reconciliation of Cost and Financial Accounts is process to find all the reasons behind disagreement in profit which is calculated as per cost accounts and as per financial accounts. ... There are lots of items which are shown in costing profit and loss account only when we calculate profit as per cost accounting.