Functions of Cost Accounting In order to achieve its objectives, cost accounting performs the following functions- (1) Determination and analysis of cost-The main function of cost accounting is to find out the total cost...
Definitions of Cost Accounts Different scholars have given definitions of cost accounts. Some of the definitions are as follows- (1)According to Harold J. Heldon- “Cost Account means the process of classifying, recording and preparing...
What is Accounting Accounting is a part of our life. All of us do some accounting, often without realizing it. Forexample, one morning, you realize suddenly that you needed to buy a book urgently....