Question:
What is meant by cost accounting?
Answer:
Cost accounting is defined as classifying, recording and appropriate allocation of expenditure for the determination of costs of products or services and for presentation of suitably arranged data for the purpose of control and guidance of management. Source: CoolInterview.com
Answered by: S.Rajakumari | Date: 1/27/2009
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Cost Accounting is used to control the Quantity of Production. It helps in finding out a product and control of cost. It refers to cost of production and job undertaken by the firm. CA is related to calculate the cost of materials, labour, overheads and cost of related jobs and contracts. In company Cost Accounting helps to calculate the real cost of production. Source: CoolInterview.com
Answered by: Arun Kumar | Date: 2/4/2009
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