Answer Posted / nilab deka
cost accounting is the implementation of accounting
tecniques, ideas and methods for the utilisation of capital
or fund in a efficient way while rendering any services or
production in the organisation. In brief cost accounting is
the utilisation of the firms capital in a efficient way so
that the expenses remains less than the revenue, which
ultimately leads the firm in net profit.
Its a tool which is used to control the cost of production
or anything related to money.
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