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Diffrence between cost, financial and management accounting
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Answer Posted / chaitanya
Financial accounting states about the company's investments in different modes like issuing the shares,bank deposits and getting funds from financial institutions and to check out the reserves of the company.
Cost accounting is purely related to the production side of the company and it's mainly important for manufacturing companies as it says about marginal cost,variable cost,fixed cost.
Management accounting states about the planning,Organising,staffing and controlling of the company.
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