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Question

Which branch of Accounting is concerned with ascertainment and control of cost of business activities?

A
Cost Accounting
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B
Management Accounting
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C
Human Resource Accounting
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D
Financial Accounting
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Solution

The correct option is A Cost Accounting
Cost accounting is a branch of accounting. This tool is basically used by the business to find out the cost of any product or service. It also have various methods to find out the cost of any product. Cost accounting is a mechanism through which any business can control the cost. It has various tools and scientific method to have such control.

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