Discuss the role of cost accounting in managerial decision
making?
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Answer Posted / ali raza
Re: difference Between Cost Accounting and Financial
Accounting?
Answer
# 3 financial accounting its recorded business transaction
books of a/c's. that operating result of particular period
and financial positon on a particular date can be known.
cost accounting refers to cost of production and job
undertaken by the firm.
0 Chandrasekar
Re: difference Between Cost Accounting and Financial
Accounting?
Answer
# 4 Cost accounting is related to calculate the cost of
materails, labour, overheads and cost of related jobs and
contracts.In company cost Accounting helps to calculate the
real cost of production but finacial accounting is
associated with maintaining the accounts in the company it
maintains the flow of funds in the company.
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