Summary: The book "Cost Accounting Methods and Problems" covers various aspects of cost accounting, including the nature and scope of cost accountancy, elements of costs, factory layout, material control, purchasing system, and storekeeping. It also delves into material costs, valuation, losses, and accounting, along with budgetary control and reconciliation of cost and financial accounts. The text discusses standard cost accounting methods, variances, labour efficiency, overhead analysis, and key concepts like time study and trade discounts. Practical examples and worked-out problems are provided to aid in understanding the application of these principles. Overall, the book serves as a comprehensive guide for individuals looking to gain a deeper insight into cost accounting methods and their practical implementation in various business settings.