Cost accounting objective questions with answers

  • What are the six objectives of cost accounting?

    Objectives of cost accounting are ascertainment of cost, fixation of selling price, proper recording and presentation of cost data to management for measuring efficiency and for cost control and cost reduction, ascertaining the profit of each activity, assisting management in decision making and determination of break- .

  • What is the basic objective of cost accounting answer?

    The main objective of cost accounting is to ascertain the cost of goods and services.
    The expenses that are incurred while producing goods or rendering services are called costs..

Rating 4.6 (472) 1. Basic objectives of cost accounting is__________. A. tax compliance. B. financial audit. C. cost ascertainment. D. profit analysis. 2. Direct cost 

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