A cost accounting form has all the details that provide the information on the various kinds of expenses incurred by a company.
The cost incurred by the company is also known as overhead costs which are classified into factory costs, office costs and lastly selling and distribution costs.
It is with the help of a cost accounting form can a company ascertain the cost of production and thereby arrive at the actual profit.
This form has to be submitted by all the registered companies compulsorily to the respective government authority every financial year.
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