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The New Cost Management Accounting Process

   

Added on  2020-03-28

16 Pages1601 Words93 Views
Running head: MANAGEMENT ACCOUNTING Management AccountingName of the Student: Name of the University:Author’s Note:
The New Cost Management Accounting Process_1
1MANAGEMENT ACCOUNTINGTable of ContentsAnswer to Question No 1................................................................................................................3Requirement A:............................................................................................................................3Requirement B:............................................................................................................................4Answer to Question No 2................................................................................................................5Answer to Question No 3................................................................................................................7Requirement a:.............................................................................................................................7Requirement b:.............................................................................................................................7Answer to Question 4:.....................................................................................................................8Requirement a:.............................................................................................................................8Requirement b:...........................................................................................................................10Answer to Question No 5..............................................................................................................12Requirement A:..........................................................................................................................12Requirement B:..........................................................................................................................13Reference List................................................................................................................................15
The New Cost Management Accounting Process_2
2MANAGEMENT ACCOUNTING
The New Cost Management Accounting Process_3
3MANAGEMENT ACCOUNTINGAnswer to Question No 1Requirement A: DR.CR.DateParticularsAmountDateParticularsAmountTo, Balance b/d.2485531/8/14By, Work-in-Process A/c.6010To, Accounts Payable A/c.6155By, Balance c/d250003101031010DR.CR.DateParticularsAmountDateParticularsAmount1/8/X4To, Balance b/d879031/8/X4By, Cost of Goods Sold A/c.3000031/8/X4To, Work-in-Process A/c.30110By,Balance c/d89003890038900DR.CR.DateParticularsAmountDateParticularsAmount31/8/X4To, Finished Goods A/c.3000031/8/X4By, Profit & Loss A/c.32800To, Manufacturing Overhead A/c.28003280032800Direct Material AccountFinished GoodsCost of Goods Sold
The New Cost Management Accounting Process_4

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