Question

How cost accounting is superior over financial accounting?Explain the techniques of costing and their application and suitability.

Answer 1

Explanation:

Explanation:

Accumulated loss:A loss (or losses) from previous years carried forward in order to offset future earnings. This reduces the tax burden for the years with profit as the accumulated losses are deducted from the taxable profit

Accumulated profit:a profit which is not paid as dividend but is taken over into the accounts of the following year...

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Answer 2

Answer:

Accumulated loss:A loss (or losses) from previous years carried forward in order to offset future earnings. This reduces the tax burden for the years with profit as the accumulated losses are deducted from the taxable profit

Explanation: