Cost accounting analyzes each and every cost incurred in a business. This helps the entrepreneur to decide which costs are actually contributing to the profit-making aspect and which are not. Cost accounting also helps in realizing whether a business is able to earn more than its total cost incurred.
Answers & Comments
Explanation:
Cost accounting analyzes each and every cost incurred in a business. This helps the entrepreneur to decide which costs are actually contributing to the profit-making aspect and which are not. Cost accounting also helps in realizing whether a business is able to earn more than its total cost incurred.