Question

function of cost accounting​

Answer 1

Answer:

The main purpose of cost accounting is analyzing the expenses with a view to knowing of cost of unit of output, of a job, of a process or of an operation. It involves the allocation of expenditure

Answer 2

To understand the entire cost structure of a firm, cost accounting is crucial. It ascertains the costs of various products, processes etc. So we can compare them to the sales and arrive at the true profitability of the firm. This is one of the main objectives or functions of cost accounting.

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