Question

The technique and process of ascertaining cost is known as

Answer 1

process costing.it is an accounting process that traces and accumulated the dircts cost and allocates the indirect cosr

Answer 2

Answer:

Cost Accounting

Explanation:

The cost accounting method is only a part of the complete accounting method. This method is established to obtain cost related information. With its help, the cost of products, services and various processes can be controlled.

The information received from the cost accounting department can be used at all levels and by all departments. This information received from the cost accounting department helps in performing the work of other departments effectively.

Cost information needs to be presented in the correct format to help the managers make decisions. These information are presented in proper format keeping in view the objectives of decision making. A good cost accounting system is established so that this information is relevant and can be provided in a timely manner.

So the technique and process of ascertaining cost is known as Cost Accounting.

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