process costing of sugar industry

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A PROJECT REPORT ON

“COST ACCOUNTING- PROCESS COSTING IN SUGAR INDUSTRY”

SUBMITTED BY

MISS. MEERA HARESH BHANUSHALI

ROLL NO: 6202

M.Com. SEM- I

(ADVANCE ACCOUNTANCY)

ACADEMIC YEAR: 20!-"

U#$%& '% *+$,#% o PROJECT GUIDE

PRO/. M. S.GANAGI

SUBMITTED TO UNIVERSITY O/ MUMBAI

MULUND COLLEGE O/ COMMERCE

S N ROAD MULUND (1EST)

MUMBAI - 00030


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Declaration from the Student

I MEERA HARESH BHANUSHALI R. No. 6202 S'*$%#' o M*4*#$ Co44%% O

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CERI!ICAE

I P&o. M. S. GANAGI %&%76 %&'+6 ',' M&=M+55 MEERA HARESH BHANUSHALI

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AC"N#$LED%EMEN

I


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INTRODUCTION:

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he characteri&tic& and a''lication of 'roce&& co&tin(

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PROCESS COSTING +5 ,# ,o*#'+# m%'o$o4o6 ',' '&,%5 ,#$ ,*m*4,'%5 $+&%'

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)R#CESS C#S )R#CEDURES

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How to approach process accounting questions

Step 1 Draw up a T account for the process account. (Theremay be more than one process, but start with the firstone initially.) Fill in the information given in the

question.

Process account

nits ! nits !"pening#$% & & 'ormal loss & &aterials & Transfer to

%rocess or & &

Finishe*goo*s

+abour & bnormalloss & &

"verhea*s & -losing #$% & & bnormalgain & &

Step -alculate the normal loss in units an* enter on to the%rocess account. (The value will be ero unless thereis a scrap value / see Step 0).


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Step -alculate the abnormal loss or gain (there won2t beboth). 3nter the figure on to the %rocess account an*

open a T account for the abnormal loss or gain.Step 0 -alculate the scrap value (if any) an* enter it on to the

%rocess account. "pen a T account for the scrap an**ebit it with the scrap value.

)R#CESS #! MANU!ACURIN% SU%AR IN SU%AR

INDUSR9

8 SAM)LIN%

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CLEANIN%

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E4A)#RAI#N

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he *ield of (ur from &u(ar cane de'end& mo&tl* on the ;ualit* of the cane and the

efficienc* of the e-traction of


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1!g gur = 1!g cane x ("!g juice/1!g cane) x (1#$ sugar in juice/#"$ sugar in gur)

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process costing of sugar industry

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