Question

Cost accounting mainly provides information to:

• A. External investors
• B. Management for decision-making related to costs
• C. Marketing department
• D. Government only

Answer 1

Answer:

B. Management for decision-making related to costs

COST ACCOUNTING:

• The branches of accounting is concerned with ascertaining cost of products, operations, process etc.

• The purpose of cost accounting is to analyse the expenditure so as to ascertain the cost of various products manufactured by the firm and fixes the prices.

• It also helps in controlling the costs and providing necessary costing information to management for decision making.