Question

Cost accounting is a tool of managerial planning and control. ..explain

Answer 1

Answer:

Explanation:cost accounting helps management in carrying out efficiently its functions like planning,budgeting,decision making,organizing,control,pricing,and evaluation of operating efficiency by developing practical cost procedures that provide information useful in controlling the operation of the business enterprise.cost accounting method supply the basic of factual information on which management can build uo its presentation of planning and control.