Accountancy, asked by sdiya4780, 1 year ago

Difference between cost estimation and cost accounting

Answers

Answered by yenula
0

Explanation:

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Answered by NirmalPandya
0

Difference between cost estimation and cost accounting is:

  • Cost estimation means when you try to approximate the amount of money that you require for processing a certain product or service.
  • Cost estimation is an essential step in production as lies down the plan for execution.
  • Cost accounting is the process through which you keep a track of your expenses and profit on a proper balance sheet.

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