difference Between Cost Accounting and Financial Accounting?
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Answer Posted / arvind kumar
cost accounting is used to know the actual cost of a product
which is incurred at various stage to making a product as a
finished goods.it provides information to the management to
fix the sale price of a product.
financial accounting gives information to management that
why they able to know financial position of enterprises or
company.here financial position means p/L a/c, B/S, cash
flow and fund flow statement including ratio analysis.
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