Question

6. Financial Accounting, Management Accounting and Cost Accounting are of Accounting.

Answer 1

Answer:

Management accounting is based on the data as received from financial accounting and cost accounting. Provides future cost-related decisions based on the historical cost information. ... Cost accounting is restricted to cost-related data. Management accounting uses financial accounting data as well as cost accounting data.

Answer 2

The subject 'Cost and Management Accounting' is very important and useful for ... limitations of financial accounting. It is an ... different companies and firms, is termed as uniform costing.

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