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Presentation in Accounting

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29 Apr 2009

Cost concepts and classification (20 Slides)

Presentation - 20 pages - Accounting

The costing terminology of the Institute of cost and works accounts,London defines cost as”The amount of expenditure (actual or notional) incurred on or attributable to a given thing.” In the words of Harold J.Wheldon,”costing is the classifying and appropriate allocation...