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Discuss the essential elements of effective cost Accounting information

Discuss the essential elements of effective cost Accounting information

Essential Elements of Effective Cost Accounting Information

  1. The statement containing the information should have appropriate heading so that the management can know at a glance what the statement is all
  2. The officer receiving the report must be the appropriate person for the decision on
  3. The information must be prepared timely if it is to be
  4. The cost information sent should be sufficiently accurate if wrong decision is not to be
  5. The information should be clear and concise for easier

CLICK HERE TO GET YOUR COMPLETE ACC306 (ACC305) COST ACCOUNTING SUMMARY FOR #1000 Only

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  3. Q19 – Cost less residual value divided by the estimated useful life of the asset can best describe which of the following method?
  4. Explain the nature of cost classification

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