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