What are the features of cost accounting?

Cost Accounting Has The Following Features:

  • Cost accounting is the process of accounting for cost.
  • It records income and expenditure relating to the production of goods or services rendered.
  • It provides suitable data for future estimation.
  • It is concerned with cost ascertainment and cost control.
  • It establishes standards so that actual cost can be compared with the standards to find out variances.
  • It involves preparation and presentation of periodical cost statement for managerial decision making.
Cost Accounting Reference For Business Photos

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