Cost accounting started as a branch of

The vital importance that cost accounting has acquired in the modern age is because of the growth of .......... in modern industry

In brief, ............is the activity of finding out the cost of products and services.

Cost accounting provides .............. performance of their functions. cost information to various levels of Management for efficient

Modern management needs .......... profit and loss account and balance sheet. information than supplied by financial statements like

The information supplied by cost accounting acts as a tool of Management for making

Cost accounting makes optimum use of scarce resources which ultimately add to the ...... of business

is the process of determining and accumulating the cost of product or activity.

Involves the classifying recording and appropriate allocation of expenditure for the determination of cost of products or services.

Cost accounting is a quantitative method that accumulates classifies, summarizes and interpret information for

is the objective of cost accounting.

The term costing and cost accounting are many times used interchangeably but the scope of cost accounting is

involves maintaining complete record of all cost incurred from their in currency to their charge two departments products and services.

refer to presentation of cost primarily used by the management at different levels.