Question

What do you understand by Cost -Cutting system ?☺️☺️​

Answer 1

Answer:

A costing system is designed to monitor the costs incurred by a business. The system is comprised of a set of forms, processes, controls, and reports that are designed to aggregate and report to management about revenues, costs, and profitability.

Answer 2

cost cutting refer to major implemented by a company to reduce his expenses and improve property validity cost cost cutting major are typically implemented doing time of financial

distressed for a company or during economic

downturns