Finance General Question:

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What are the objects of Cost Accountancy?

Finance General Interview Question
Finance General Interview Question

Answer:

Following are the objects of Cost Accountancy:

-Ascertainment of Cost and Profitability
-Determining Selling Price
-Facilitating Cost Control
-Presentation of information for effective managerial decision
-Provide basis for operating policy
-Facilitating preparation of financial or other statements

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What is cost accountancy?Can you please explain the difference between costing and cost accounting?