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Distinguish between cost accounting and financial accounting

Distinguish between cost accounting and financial accounting.

  1. Information gathering on Financial Accounting is on what happened (historical) rather than what is going to happen. While Cost Accounting Information gathering is both historical basis and future
  2. Financial Accounting Information is prepared at a specified period of time (usually quarterly or yearly) whereas Cost Accounting Information is prepared only when needed by

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

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  1. Q9 – Which of the manager should be held responsible for the attainment of budget goal of a specific budget centre? line manager
  2. Q7 – The process of budget preparation involves which of the following?
  3. Q24 – Quality is associated with _________ department.
  4. Q32 – Normally for as increase in the level of activity there should be ________ increase in cost.

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