Explain fully the concept of cost. How does cost accounting contribute to the effective and efficient management

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Explain fully the concept of cost. How does cost accounting contribute to the effective and efficient management of an industrial establishment?

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Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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Question Posted: Aug 30, 2023 02:12 PM

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Explain fully the concept of cost. How does cost accounting contribute to the effective and efficient management

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Concept of Cost The concept of cost refers to the total expenditure incurred by an organization in the process of producing goods providing services or conducting business activities Costs encompass a...View the full answer

Cost Accounting

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