top button
Flag Notify
    Connect to us
      Facebook Login
      Site Registration Why to Join

Facebook Login
Site Registration
Print Preview

What are the objectives of Cost Accounting?

+1 vote
2 views
posted Jul 7 by Sherlyn Mishra

Share this question
Facebook Share Button Twitter Share Button Google+ Share Button LinkedIn Share Button Multiple Social Share Button

1 Answer

0 votes

“A Cost may be defined as a sacrifice or giving up of resources for a particular purpose”. Initially, costs are recorded in elementary form and then they are grouped in different ways to help managers in various ways. Cost objective can be defined as any activity for which a separate measurement of costs is desired.

The managers want to know the cost of something which helps them to take decisions in various areas of operation. The costs are accumulated and grouped in ways to help managers make decisions, such as evaluating the performance of subordinates and sub-units of the organisation, expanding or deleting products or territories, and replacing equipment etc.

answer Jul 8 by Shubham Rajput
Contact Us
+91 9880187415
sales@queryhome.net
support@queryhome.net
#280, 3rd floor, 5th Main
6th Sector, HSR Layout
Bangalore-560102
Karnataka INDIA.
QUERY HOME
...