Question

1 Costing is specialized branch of
accounting which deals with:​

Answer 1

Answer:

Cost accounting is a specialized branch of accounting that deals with the classification, recording, and allocation of current costs and prospective costs. In the modern commercial world, it is one of the most important techniques or process for a business.

Step-by-step explanation:

Answer 2

Answer:

Cost accounting or Costing is a specialized branch of accounting that particularly deals with classification, recording, allocation of all the current costs alongside prospective costs.

Step-by-step explanation:

Cost accounting or Costing is maximum normally used within the production enterprise, an enterprise that has lots of assets and prices to manage. It is a kind of accounting used internally to evaluate a company’s operations.

Cost accounting issues itself with recording and studying production prices. It appears at a company’s fixed (unchanging and regular prices, like rent) and variable prices (converting prices, like delivery charges).