Cost Accounting and Its Objectives
BBA-Semester-2
Question: What is cost accounting? What are the objectives of cost accounting?
Answer:
Cost Accounting is classifying, recording an appropriate allocation of expenditure for the
determination of the costs of products or services, and for the presentation of suitably arranged data for the purpose of control and guidance of management.
It is the formal mechanism by means of which cost of products or services are ascertained and
controlled.
This post first appeared on IPU BCA, BBA, MCA, MBA Examination Papers And Notes, please read the originial post: here
