When job is very big and spread over long periods of time the method o

1.	When job is very big and spread over long periods of time the method of costing adopted i
Answer» Answer: Everything you need to know about the DIFFERENT METHODS of costing. The term ‘methods of costing’ can be used to refer to the different processes or procedures employed for the determination and PRESENTATION of costs. There are different methods of costing for different industries depending on their nature of work. The methods of costing can be studied under the following heads:- 1. Methods Based on the Principles of JOB Costing 2. Methods Based on the Principles of Process Costing.

When job is very big and spread over long periods of time the method of costing adopted i

Answer»

Answer:

Everything you need to know about the DIFFERENT METHODS of costing. The term ‘methods of costing’ can be used to refer to the different processes or procedures employed for the determination and PRESENTATION of costs.

There are different methods of costing for different industries depending on their nature of work.

The methods of costing can be studied under the following heads:- 1. Methods Based on the Principles of JOB Costing 2. Methods Based on the Principles of Process Costing.

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