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Diffrence between cost, financial and management accounting
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Answer Posted / s.pavan kumar
FINANCIAL ACCOUNTING deals with preparation of trial balance,
trading a/c and p& l a/c & balance sheet,so that it would be
helpful to the outsiders and share holders to exactly know
the financial position of the company.
COST ACCOUNTING deals with costs occured by the company and
the means by which unnecessary costs could be reduced.
MANAGEMENT ACCOUNTING means providing internal information
to the management which would be useful to the organisation
in making decisions like expansion of branches.
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