Cost accounting differs from financial accounting in respect of ........

Costing - Phase (I & II) Basics of Cost Control and Analysis

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Cost accounting differs from financial accounting in respect of ________.

reporting of cost

ascertainment of cost

control of cost

recording of cost

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Explanation:

Cost accounting differs from financial accounting in respect of ascertainment of cost. Cost Accounting refers to that branch of accounting which deals with costs incurred in the production of units of an organization. On the other hand, financial accounting refers to the accounting concerned with recording financial data of an organization, in order to exhibit exact position of the business.