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Answer 1

Answer:

COST ACCOUNTING :-

The recording of all the costs incurred in a business in a way that can be used to improve it's management.

OBJECTIVES OF COST ACCOUNTING ARE :-

:- To correctly analyze the cost of both the process and operations.

:- Provide requisite data and help in fixing the price of products manufactured.

:- To facilitate prompt and reliable information to management.

METHODS OF COST ACCOUNTING ARE :-

:- Batch costing

:- Contract costing

:- Job costing

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