ONE WORDS

1. Cost Accounting helps in controlling cost

2. Cost accounts provide information for ascertaining the selling price for a product.

3. Cost accounting helps in the ascertainment of cost before hand.

4. The scope of cost accounting includes cost ascertainment, cost presentation and cost control

5. Cost accounting assists financial accounting with regard to the valuation of inventory



QUESTIONS

1. What is control of cost?

2. Explain the reduction in cost

3. Explain ascertainment of cost.

4. Explain the operating policy.

5. Explain the matching cost with revenue.