The main object of cost accounting is to ________________.

Record day to day transactions of the business

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Reveal managerial efficiency

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Ascertain true cost of products and services

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Determine tender price

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Solution

The correct option is D Ascertain true cost of products and services
Accounting has three main branches:
1) Financial Accounting
2) Cost Accounting
3) Management Accounting

Cost accounting seeks to ascertain the cost of each product or job produced or undertaken by the business.

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Similar questions

Q. The day-to-day transactions of a club would be recorded in ____________.

Which of the following are true or false?

(a) The historical cost does not reflect true value of the asset
(b) Accounting is a historical record of the transactions of a business entity.

Q. A Cottage industry produces a certain no. of wooden toys in a day. The cost of production of each toy in Rs. was found to be 55 , the no. of toys produced in a day. On a particular day the total cost of production was Rs.750. What is the no. of toys produced on that day.

A cottage industry produces a certain number of toys in a day. The cost of production of each toy (in rupees) was found to be 55 minus the number of toys produced in a day. On a particular day, the total cost of production was Rs 750. The mathematical representation to find out the number of toys produced on that day is:

A cottage industry produces a certain number of toys in a day. The cost of production of each toy (in rupees) was found to be ₹55 minus the number of toys produced in a day. On a particular day, the total cost of production was ₹ 750. Calculate the number of toys produced on that day. Select the possible answers.

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The main object of cost accounting is to ________________.

The correct option is D Ascertain true cost of products and servicesAccounting has three main branches:1) Financial Accounting2) Cost Accounting3) Management AccountingCost accounting seeks to ascertain the cost of each product or job produced or undertaken by the business.

The correct option is D Ascertain true cost of products and services
Accounting has three main branches:
1) Financial Accounting
2) Cost Accounting
3) Management Accounting

Cost accounting seeks to ascertain the cost of each product or job produced or undertaken by the business.