What is meant by Cost Accounting? How it is different from
Financial Accounting?

Answer Posted / c handu

Financial Accounting is prepared to know the profit or loss
and financial position of the company.It is one of the
branch of Accounting

Cost Acccounting is another branch of Accounting.It is
prepared to know the cost of one product from manufacturing
upto it sales.It is useful to management in decision making
of about future of product and to make business efficiently.

Due to the limitation of the financial Accounting it is not
possibe to know cost of product in financial Accounting

Is This Answer Correct ?    11 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Short Answer on ______________House Rent allowance

1384


what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?

1497


Meaning of portfolio management?

1614


can i have practical examples of AS-30

1949


i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?

1701






Expand-------CAN

1436


Entrance Exam question & Answer required

1508


How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?

1989


Nature of training account with reason

1111


Explain Cash Basis of accounting

1577


Short answer on Amalgamation

1477


Is depreciation a expense or income?

1233


pls send me capital iq quition paper pls, ihave 2mr interview thanks

1813


how to make a project accounting in tally erp9 ?

6276


How can I explain p2p process in SAP?

2740