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Question
The primary objective of cost accounting is to ____________.
The primary objective of cost accounting is to ____________.
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Solution
The correct option is A Ascertain the cost of goods and services
The main objective of cost accounting is to ascertain the cost of goods and services.
The expenses that are incurred while producing goods or rendering services are called costs.
Under cost accounting, the cost is collected, classified and analyzed with the aim of finding out the total as well as per unit cost of goods, services, process, contract etc.
The main objective of cost accounting is to ascertain the cost of goods and services. The expenses that are incurred while producing goods or rendering services are called costs. Under cost accounting, the cost is collected, classified and analyzed with the aim of finding out the total as well as per unit cost of goods, services, process, contract etc.
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