difference Between Cost Accounting and Financial Accounting?

Answer Posted / razu ahamed

Accounting system: Financial accounting follow the double
entry system for recording classifying and summarizing
business transaction. But cost accounting is not based on
the double entry system

Is This Answer Correct ?    86 Yes 22 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Why do you choose banking as your career?

725


What do you mean by money laundering?

607


What is the front news in today's Hindu paper?

635


Who is the Governor, Chief Minsiter and Other Ministers of Your State (Like Education, Tourism Ministers)?

621


How many alpha- numeric numbers are there in total in a PAN Card?

605






Explain what is ratio analysis?

590


In case if someone forgets his id and password, what to do?

626


What is Corporate finance, Corporate governance, Role of SEBI, Ratio analysis in terms of equity and capital structuring? Please post answers as soon as possible. thankyou.

4835


What is 'laghu udhami credit card (lucc) scheme and its features?

570


What Is Cd (certificate Of Deposits) Account?

687


What is difference between FII and FDI?

630


What is Prime Lending Rate?

627


What steps should Indian Government take to counter pollution in major Indian cities?

667


Which bank is the settlement bank for cash tree?

612


What is the need of Trial Balance?

640