Income Statement under Variable and Absorption Costing || BBS 2nd Year Account Chapter 12 || Format

To Study IELTS/PTE/SAT at Gurubaa International Consultancy, Fill the form below(Both Online and offline available) :  https://forms.gle/HzFKq3rajgid6jrA9 This episode lets our BBS 2nd year students explore the concept of Income Statement under Variable Costing and Absorption Costing. Variable Costing is also called Direct Costing or Marginal Costing. Similarly, Absorption Costing is also called Full-costing, Traditional or Conventional Costing. Income Statement under Variable Costing is prepared for internal reporting purpose whereas Absorption costing is prepared for external reporting purpose.
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