Question

cost accounting is a branch of accounting true or false

Answer 1

Answer:

Hey mate ,

False

Explanation:

Cost accounting is a branch of management accounting .

Hope it helps you dude. Have a great day.

Answer 2

This statement is false. Cost accounting is the branch of management accounting.

Definition of cost accounting:

Cost accounting is a system for tracking and reporting the cost of manufacturing goods and providing services together as a whole. This system allows for accurate measurement and reporting of spending. The report includes methods for recognizing, classifying, allocating, aggregating, and reporting costs in a way that is comparable to standard costs.

Usage of cost accounting:

• It is derived to avail the decision.
• Controlling purpose

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