the difference between cost accounting and management accounting
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Answer Posted / amit
COST ACCOUNTING :- COST ACCOUNTING IS RELATED TO PRODUCITION. ITS OBJECTIVEIS TO TELL THE COST OF COMMODITY OF PRODUCTION.IT HELP TO THE PRICISING OF COMMOIDTY.
MANAGMENT ACCOUNTING :- IT IS REQUIRED BY THE MANAGER FOR TAKE DAY TO DAY SHORT TERM DESICION.IT UNLIKE FINANCIAL ACCOUNT BECAUSE IT ACCOUNT MAKE IN ENDING OF THE FY YEAR.THESE ACCOUNTS SHOW THE AMOUNT OF AVAILABE CASH, SALES REVANUE, AMOUNT OF ORDER IN HAND,STATES OF BILLS PAYBEL & RECIVABLE,OUTSTANDING DEBT, RAW MATERIAL AND IN-PROCESS INVENTORY. IT ACCOUNTS MAKE IN WEEKLY & MONTHLY.
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