What is cost accounting
Cost accounting is basically a part of management accounting.
However, cost accounting provides lot information for financial accounting as
well. It has special relevance in production industry where the more detailed
analyses of costs are required involved.
Cost accounting
provides useful information to management to establish cost of goods produced,
set selling price and put a stock value. Cost accounting help full in determine
the future cost. Cost accounting also facilitates the costs comparison for
control purposes.
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