"cost accounting has become an essential tool of management "- What is your opinion

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shashankcwa

  • Feb 28th, 2007
 

"Cost Accounting" in simple meaning, costing of the product for the market. But in modern market (which is full of big competitors) launching any new product in the market, have to take necessary and minded steps which gives spread in the whole market and ofcourse also in the consumers eyes.

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mamta kulshrestha

  • Jun 14th, 2007
 

In this modern age of cut-throat competetion cost accounting for the product is must to mininize cost of product and gettting maximum profit. If the producer does not maintain or minimize waste in the cost he will be failer.

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