Explained the basic procedure to prepare Process Account and discussed about its contents. A simple problem is solved to show how this works. Student can also watch following lectures related with cost accounting : 1. Break Even Chart (CVP Analysis) in Marginal Costing : https://www.youtube.com/watch?v=EMVs0IL0EfU 2. Budget and Budgetary Control : https://www.youtube.com/watch?v=pYSgMGoK_Jo 3. Machine Hour Rate (Overhead Distribution) https://www.youtube.com/watch?v=MSFlKvvPsig 4. Marginal Costing (Formula Formations)