Accountancy, asked by bhartimendiratt333, 1 year ago

Cost accounting is a branch of financial accounting true or false

Answers

Answered by Anonymous
2

Hello Friend

Ans

False

Thank you

Answered by hemakumar0116
0

Answer:

This is a false assertion.

Explanation:

This is a false assertion.

Management accounting includes cost accounting. Cost accounting is defined as follows: Cost accounting is a technique for recording and reporting the total cost of creating things and providing services.

Cost accounting is the process of allocating expenses to cost items, which often comprise a firm's products, services, and any other activities in which the organisation is involved. Cost accounting is useful because it can show where a company's money is being spent, how much it is earning, and where money is being lost.

The cost accounting technique is a firm-specific, internally oriented approach for estimating cost control, inventory, and profitability. When compared to typical accounting systems, it may be far more adaptable and specialised. The cost accounting's complexity .

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