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Tag: cost accounting

Concepts, Objectives, Types & Methods of Cost Accounting

Posted on September 7, 2022December 21, 2022 by admin

An accounting cost is the cost of a company’s processes, services, products, or other activities. In this way, the organization is able to manage costs, plan strategically, and make cost-effective decisions. Managers have access to expense data through financial reports and ledgers. In order to develop a vision and long-term strategy, management must identify areas…

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Accounting and Book-keeping