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how cost accounting helpful in real life Related: Meaning, Scope & Ob...
The simplest and most important objective of cost accounting is to determine selling prices. ... Cost accounting can be used to identify possible inefficiencies or areas of necessary improvement to control costs. This can take the form of budgetary controls, standard costing or inventory management.
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how cost accounting helpful in real life Related: Meaning, Scope & Objectives - Introduction to Cost Accounting, Cost Accounting
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