Word Count : 217

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Aspect	Management Accounting	Cost Accounting
Focus	Future-oriented	Historical
Purpose	Decision-making	Cost determination
Timeframe	Long-term and short-term	Short-term
Users	Internal stakeholders	Internal and external stakeholders
Information sources	Both financial and non-financial	Financial only
Scope	Broader scope	Limited scope

		Rs.					Rs.
To Cost of goods sold		3,00,000		By Sales			5,00,000
To Interest on Debentures		10,000		By Income		from	10, 000
				Investment
To Provision for Taxation		1,00,000
To Net Profit		1,00,000
		5,10,000					5,10,000

 Balance Sheet as on 31.3.2020

Liabilities	Rs.		Assets						Rs.
Share Capital	3,00,000		Fixed Assets						4,50,000
Reserves	1,00,000		Investments in Govt. Bonds						1,00,000
10% Debentures	1,00,000		Current Assets						1,50,000
Profit and Loss a/c	1,00,000
Provision for Taxation	1,00,000
	7,00,000								7,00,000

Direct material price variance and direct material usage variance