Saved Bookmarks
| 1. |
State the reasons for differance of profit shoned in the cost accounting and financial accounting |
|
Answer» Financial management GIVES an overall picture of PROFIT or loss and COSTING provides DETAILED product-wise analysis. ... With the help of financial statements, we analyze the profitability and financial position of a company. Cost accounting is used to CALCULATE cost of the product and also helpful in controlling cost. |
|