What are the cost accounting subjects?

Cost accounting subjects include production cost, manufacturing cost, labor cost, R&D expenditure and engineering construction (development cost).

Cost account is an accounting account that reflects costs and expenses. It is used to calculate the occurrence and collection of costs and provide accounting information related to costs. Cost accounting accounts for the production costs of various products (including finished products, self-made semi-finished products, etc.). ), homemade materials, homemade tools and homemade equipment, etc. When it actually happens, it is included in their respective subjects. At the end of the period, manufacturing expenses, labor costs, inventory goods and R&D expenses are transferred to production costs.

Debit of cost account increases, credit decreases, and ending balance is debited.

Debit ending balance = Debit opening balance+Debit current amount-Credit current amount.