- To determine cost
- Planning of cost – needs future and estimated information.
- Controlling of cost- cost reduction through evaluation of performance.
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Difference between Bookkeeping and Accounting
Accounting as a language of business is a process of three activities i.e. identifying, recording and communicating economic event of an or...
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A cost accountant has to employee fundamental mathematical techniques for analysis or synthesis, calculating ratios, observation of ascerta...
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https://bit.ly/2WUb4SU Cost: Cost is defined as the “Value” of the sacrifice made to acquire goods or services measured in monetary terms b...
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Cost Accounting is subset of Financial Accounting and Management Accounting. Determination of product cost is the function of Management ...
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