Question

What is the purpose of preparation of Cost sheet?​

Answer 1

Answer:

A cost sheet is a statement prepared at periodical intervals of time, which accumulates all the elements of the costs associated with a product or production job. It is used to compile the margin earned on a product or job and forms the basis for the setting of prices on similar products in the future.

Explanation:

Answer 2

the cost sheet is useful because it has our full month/year money outstanding,balance etc.

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