Short Answer on _________Cost Accounting
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Answer / sindujaramkumar
cost accounting relates to collection, classification and
ascertainment of cost with cost center and cost unit
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Answer / satyaki_raju@yahoo.co.in
It is the part of accounting which is concerned with the
accumulation and assignment of historical cost to units of
products and their departments.The main aim is to ascertain
the cost of unit produced and sold, the services rendered
by the business unit with a view to control over the costs
to assess the profitability and efficiency of the business
unit
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