Question

What is cost accounting?

Answer 1

COST ACCOUNTING is a quantitative technique concerned with accumulation, classification, and interpretation of data related to COST incurred in an organization.

In other words, COST ACCOUNTING is concerned with gathering and presenting information to the management for the purpose of decision making.

Therefore , modern COST ACCOUNTING is called as MANAGEMENT ACCOUNTING.

Answer 2

Hey mate ✌️✌️


Cost Accounting ⤵️⤵️⤵️⤵️⤵️

This branch of accounting is concerned with ascertaining cost of operation ,processes or activities .It is that branch of accounting which deals with recording cost with the objective of ascertaining ,reducing and controlling cost .


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