The main purpose of Cost Accounting is to ____________________.

Assist management in decision making related to costs
Maximize profits and minimize losses
Comply norms issued by the Government of India from time to time
Prepare cost accounts in line with the accounting standards

Question

The main purpose of Cost Accounting is to ____________________.

Assist management in decision making related to costs
Maximize profits and minimize losses
Comply norms issued by the Government of India from time to time
Prepare cost accounts in line with the accounting standards

Toppr Admin · Accepted Answer

The main objective 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 process-xA0-

The main purpose of Cost Accounting is to ____________________.Assist management in decision making related to costsMaximize profits and minimize lossesComply norms issued by the Government of India from time to timePrepare cost accounts in line with the accounting standards

The main purpose of Cost Accounting is to ____________________.

Assist management in decision making related to costs
Maximize profits and minimize losses
Comply norms issued by the Government of India from time to time
Prepare cost accounts in line with the accounting standards