2019, COST ACCOUNTING-MILBO ONLINE COLLEGE

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The term cost accountancy is wider than the term cost accounting.  According to the Terminology of Management and Financial Accountancy Published by the Chartered Institute of Management Accountants, London, cost accountancy means, “the application of costing and cost accounting principles, methods and techniques to the science, art and practice of cost control.  It includes the presentation of information derived there from for the purpose of managerial decision making.

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