CA-IPCC

CA-IPCC COSTING 

Normal Loss, Abnormal Loss and Abnormal Gain.

January 13, 2018 WFQ 0 Comments abnormal gain in process costing, abnormal loss in process costing, normal loss in process costing

Q89. What is normal loss, abnormal loss and abnormal gain in process costing? Ans. Normal Loss: Loss of some quantity

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CA-IPCC COSTING 

Process Costing.

January 13, 2018 WFQ 0 Comments features of process costing, Process Costing, Process Costing Method

Q88. Write short notes on process costing. Ans. Process Costing Method is used where input goes into two or more

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CA-IPCC COSTING 

Treatment of By-Product.

January 13, 2018 WFQ 0 Comments accounting treatment of By-Product, By-Product

Q87. What is the treatment of By-Product? Ans. Treatment of By-Product is: When they are off small value: It may

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CA-IPCC COSTING 

Methods For Valuation Of By-Product.

January 13, 2018 WFQ 0 Comments By-Product, methods for valuation, methods for valuation of By-product

Q86. What are various methods for valuation of By-Product? Ans. Methods for valuation of By-Product: Market value or realization value

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CA-IPCC COSTING 

Various Methods For Appointment.

January 12, 2018January 12, 2018 WFQ 0 Comments Average Unit Cost Method, Contribution Margin Method, Market Value After Further Processing, Market Value At Separation Point, Net Realizable Value Method, Physical Unit Method, Survey Method, various methods for appointment, What are the various methods for appointment of joint expenses between joint products?

Q85. What are the various methods for appointment of joint expenses between joint products? Ans. Physical Unit Method: In this

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CA-IPCC COSTING 

Joint Product and By-Product.

January 12, 2018 WFQ 0 Comments By-Product, Differentiate between Joint Product and By-Product., Joint Product

Q84. Differentiate between Joint Product and By-Product. Ans. Joint Product of equal importance where as By-Product are of small economic

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CA-IPCC COSTING 

Joint Product, Co- Product and By-Product.

January 12, 2018 WFQ 0 Comments By-Product, Co- Product, Joint Product, What do you mean by By-Product, What do you mean by Co- Product, What do you mean by Joint Product

Q83. What do you mean by Joint Product, Co- Product and By-Product? Ans. Joint Product: Joint Product represents two or

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CA-IPCC COSTING 

Cost Plus Contract.

January 12, 2018January 12, 2018 WFQ 0 Comments Advantages of Cost Plus Contract, cost plus contract., Disadvantages of cost plus contract, what is cost plus contract.

Q82. Write short notes on cost plus contract. Ans. Under cost plus contract, the contract price is ascertained by adding

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CA-IPCC COSTING 

Escalation Clause.

January 12, 2018 WFQ 0 Comments Escalation Clause., how to Escalation Clause calculated?, what is Escalation Clause.

Q81. Write short notes on Escalation Clause. Ans. If during the period of execution of contract, the price of material

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CA-IPCC COSTING 

Contract Costing.

January 9, 2018January 9, 2018 WFQ 0 Comments Contract Costing, Feature sof contract costing, short notes on Contract Costing

Q80. Write short notes on Contract Costing? Ans. Contract costing method is adopted generally by building or construction contractors. Contract

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