Question:
Cost Accounting is mainly concerned with —
Cost Accounting is mainly concerned with —
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Cost Accounting = Cost control + Efficiency
Updated On: Feb 21, 2026
- Financial transactions
- Determination and control of costs
- Preparation of final accounts
- Calculation of profit only
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The Correct Option is B
Solution and Explanation
Cost Accounting focuses on determining, recording, and controlling costs of production to improve efficiency and profitability.
Step 1: Analyze the options.
- Financial transactions — Financial Accounting - Determination and control of costs — Correct ✔ - Preparation of final accounts — Financial Accounting - Profit calculation only — Too limited
Step 2: Conclusion.
Thus option (B) is correct.
Final Answer: \[ \boxed{(B)} \]
- Financial transactions — Financial Accounting - Determination and control of costs — Correct ✔ - Preparation of final accounts — Financial Accounting - Profit calculation only — Too limited
Step 2: Conclusion.
Thus option (B) is correct.
Final Answer: \[ \boxed{(B)} \]
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