Cost accounting book by jain and narang

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How a cost accounting system helps management decision-making?

(d) Aids to Management Decision-making:

  • Decision-making is a process of choosing between two or more alternatives
  • based on the resultant outcome of the various alternatives.
    A Cost Benefit Analysis also needs to be done.
    All this can be achieved through a good cost accounting system .
    • ,

    What are the techniques of costing?

    The following techniques of costing are used by the management for controlling costs and making managerial decisions:

  • Historical (or Conventional) Costing It refers to the determination of costs after they have been actually incurred.
    It means that cost of a product can be calculated only after its production.
    • ,

    What is a cost accounting book?

    This book is about the costing department which is not only connected with manufacturing but also connected with all other type of companies.
    The cost accounting is part from the financial accounting which work for recording all expenses of a company.
    Cost Accounting B.Com 6th Sem.
    Calicut Uni. pdf is an awesome book.

    ,

    Who wrote Cost Accounting Theory & Practice?

    In 1913 J.L. Nicholson published a book “Cost Accounting Theory and Practice” from New York.
    During World War I and II the social importance of cost accounting grew with the growth of teach country's defend expenditure.


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