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 (2024)

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A

Comply norms issued by the Government of India from time to time

B

Assist management in decision making related to costs

C

Maximize profits and minimize losses

D

Prepare cost accounts in line with the accounting standards

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Solution

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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.

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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  (2024)
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