Question

Difference between management accounting & cost accounting ​

Answer 1

Cost Accounting is based on data extracted from financial accounts whereas Management Accounting is based on data derived from cost accounting and other sources. Cost Accounting can be installed without Management Accounting whereas Management Accounting cannot be installed without a proper system of Cost Accounting.

Answer 2

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❥Cost Accounting is based on data extracted from financial accounts whereas Management Accounting is based on data derived from cost accounting and other sources. Cost Accounting can be installed without Management Accounting whereas Management Accounting cannot be installed without a proper system of Cost Accounting.

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