Cost accounting entails the provision of information
Question
Cost accounting entails the provision of information
Options
A)
for investment purposes
B)
for descision making
C)
to shareholders
D)
to stockholders
The correct answer is B.
Explanation:
Cost accounting is the recording of all the costs incurred in a business in a way that can be used to improve its management.
According to Wikipedia, cost accounting is a process of collecting, recording, classifying, analyzing, summarizing, allocating and evaluating various alternative courses of action and control of costs. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability.
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Cost accounting is the recording of all the costs incurred in a business in a way that can be used to improve its management.
According to Wikipedia, cost accounting is a process of collecting, recording, classifying, analyzing, summarizing, allocating and evaluating various alternative courses of action and control of costs. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability.