Answer Posted / h.r. sreepada bhagi
Cost Accounting is a branch of accounting which is related to;
1. Computation or ascertainment of cost of Products & Services.
2. Cost Control.
3. Cost Reduction.
I It involves collection of information & data,
verification, analysis, planning of alternative (better)
method of operations and so on. In other words it's a branch
of accounting which helps & supports the management in
achieving and improving the operating efficiency and improve
the operational results of a company, which will ultimately
result in Profit & wealth maximisation of an organisation.
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