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1)Define Financial statement. State It's components. What is cost accounting? Difference between Cost and Financial accounting. Cost accounting has become an essential tools for managerial

1)Define Financial statement. State It's components. What is cost accounting? Difference between Cost and Financial accounting. "Cost accounting has become an essential tools for managerial decision making" Explain the statement. Define cost sheet, Opportunity cost, Imputed cost, Relevant cost. What is stores Ledger? State the difference between stores ledger and Bin card.

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