A brief introduction about you. What is accounting? What is Depreciation? What's about various types of costing? Basic questions from Commerce That's generally from +3 & +2 commerce books

Question

Accepted Answer

I am a commerce lecturer. Accounting is the process of recording, classifying, and summarizing financial transactions. Depreciation is the decrease in the value of an asset over time. Various types of costing include job costing, process costing, and activity-based costing.

Accounting involves recording, classifying, and summarizing financial transactions.
Depreciation is the decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors.
Various types of costing include job costing, which is used for unique projects or products, process costing, which is used for mass-produced items, and activity-based costing, which assigns costs based on the activities that drive them.
Other types of costing include standard costing, marginal costing, and absorption costing.
Costing is important for businesses to determine the cost of production and pricing strategies.

Accepted Answer

I am a teacher of maths and a commerce student. Accounting is the process of keeping the records of business and money transaction. Depreciation is the decline in the value of assets and liabilities. There are fixed cost,variable cost, direct cost and indirect cost.Q. The difference between the largest 4digit number and smallest 3 digit number is??- 9899.

A brief introduction about you. What is accounting? What is Depreciation? What's about various types of costing? Basic questions from Commerce That's generally from +3 & +2 commerce books

Popular interview questions of Commerce Lecturer

Top HR questions asked in NIIS Group of Institutions Commerce Lecturer

A brief introduction about you. What is accounting? What is Depreciation? What's about various types of costing? Basic questions from Commerce That's generally from +3 &amp; +2 commerce books

Popular interview questions of Commerce Lecturer

Top HR questions asked in NIIS Group of Institutions Commerce Lecturer

A brief introduction about you. What is accounting? What is Depreciation? What's about various types of costing? Basic questions from Commerce That's generally from +3 & +2 commerce books