Economics · Cost Accounting
Which one of the following is TRUE regarding Cost Accounting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is governed by law in all countries
- 2It helps management in cost control and profit planning✓
- 3It deals exclusively with historical data
- 4It is purely an accounting technique
Correct answer
It helps management in cost control and profit planning
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