Commerce Optional (UPSC-IAS),
Daily Study Target for Commerce Optional 13/09

👆Above are subtopic for Commerce Optional Paper 1 of Cost Accounting


✅Nature and functions of Cost Accounting✅



Note- Students are advised to read only that subtopics for UPSC commerce Optional Preparation.

Join 🔜 @commerceoptional

😊 This will be very useful for students of Commerce Optional.
For Guidance Purpose Contact
CA Dhananjay Ojha (Chartered Accountant)
Contact @cadhananjay

Commerce Optional (UPSC-IAS),
Daily Study Target for Commerce Optional 14/09

👆Above are subtopic for Commerce Optional Paper 1 of Cost Accounting


✅Cost Concepts related to Income Measurement, Profit Planning,Cost Control and Decision Making✅



Note- Students are advised to read only that subtopics for UPSC commerce Optional Preparation.

Join 🔜 @commerceoptional

😊 This will be very useful for students of Commerce Optional.
For Guidance Purpose Contact
CA Dhananjay Ojha (Chartered Accountant)
Contact @cadhananjay

Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 47
https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-47/

Topic :- Management of Conflicts   #Q.1)  Conflicts in organisations are not necessary dysfunctional.’ Examine the implication of the above statement.Briefly discuss different methods for the Read More ... (https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-47/)
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Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 48
https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-48/

Topic :- Organisational control and effectiveness   #Q.1)  How do the organisation’s managers judge its effectiveness? What standards are they using to evaluate performance? How well Read More ... (https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-48/)
The post Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 48 (https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-48/) appeared first on Civil Service Gurukul (https://www.civilservicegurukul.com/).

Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 49
https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-49/

Topic :- Management of Change   #Q.1)  What is the need for change? Explain the management strategies for dealing with human resistance to organisational change.-20 marks Read More ... (https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-49/)
The post Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 49 (https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-49/) appeared first on Civil Service Gurukul (https://www.civilservicegurukul.com/).

Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 50
https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-50/

Topic :- Management of Change   #Q.1)  How does Lewin’s model of change deal with resistance to change? Explain.-20 marks   #Q.2)  Explain why managing change Read More ... (https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-50/)
The post Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 50 (https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-50/) appeared first on Civil Service Gurukul (https://www.civilservicegurukul.com/).

Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 51
https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-51/

Topic :- Nature & Functions of Cost Accounting   #Q.1)  What are the functions & Nature  of Cost Accounting? .-20 marks   #Q.2) DIfference between financial Read More ... (https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-51/)
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Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 52
https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-52/

Topic :- Nature & Functions of Cost Accounting   #Q.1) How would you classify the different items of cost for the purposes of disclosing these items Read More ... (https://www.civilservicegurukul.com/daily-answer-writing-practice-for-commerce-optional-upsc-mains-day-52/)
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Commerce Optional (UPSC-IAS),
Daily Study Target for Commerce Optional 14/09

👆Above are subtopic for Commerce Optional Paper 1 of Cost Accounting


✅Method of Costing✅



Note- Students are advised to read only that subtopics for UPSC commerce Optional Preparation.

Join 🔜 @commerceoptional

😊 This will be very useful for students of Commerce Optional.
For Guidance Purpose Contact
CA Dhananjay Ojha (Chartered Accountant)
Contact @cadhananjay

Meaning and Definition of Job Costing:

Job costing as a distinctive method costing is a form of specific order costing which is adopted to execute the work strictly according to customer’s specification. The production process depends upon the member of orders received from customers. As such production is not standardised and intermittent in nature. The goods manufactured are not for stocking but for immediate delivery once it is complete in all respects.

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Features of Job Costing:

The characteristic features of job costing are:

(1) Job costing is adopted by manufacturing concerns as well as non-manufacturing concerns.

(2) Those concerns which follow job costing method produce goods not for stock but against specific orders from customers.

(3) Job costing is adopted in concern where the work done is analysed into different jobs, each job being considered a separate unit of cost.

(4) A separate account is opened for each job to which all expenses incurred on that job, from the date of commencement till the date of completion are debited. This will enable the concern to know the cost of each job.


(5) Under job costing, the cost of each job is ascertained after the completion of the job.

(6) As each job is different from other jobs, each job needs separate treatment under job costing.

(7) By comparing the actual cost of each job against the price charged for each job, the profit or loss made on each job is ascertained.

(8) Under this method, the cost of each job and the profit or loss made on each job undertaken is found out separately.

(9) Under this method, production is intermittent and not continuous.

(10) The industries need not incur selling and distribution expenses as the customers themselves come to place orders and collect the goods after production.

Examples of industries which adopt job costing are—foundries, printers, machine tool making industries, engineering workshop, toy making concerns, furniture making concerns, management consulting concerns, interior decorations, musical instruments, advertising concerns and so on.

Commerce Optional (UPSC-IAS),
Daily Study Target for Commerce Optional 19/09

👆Above are subtopic for Commerce Optional Paper 1 of Cost Accounting


✅ABC Costing✅



Note- Students are advised to read only that subtopics for UPSC commerce Optional Preparation.

Join 🔜 @commerceoptional

😊 This will be very useful for students of Commerce Optional.
For Guidance Purpose Contact
CA Dhananjay Ojha (Chartered Accountant)
Contact @cadhananjay