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What is Cost Accounting ?

a) Recording of Cost

b) Monitoring of Cost

c) Controlling of Cost

d) All Above

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Question added by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC
Date Posted: 2015/02/18
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

All of the above mentioned.

Option  D.

 

A method of accounting in which all costs incurred in carrying out an activity or accomplishing a purpose are collected, classified, and recorded. This data is then summarized and analyzed to arrive at a selling price, or to determine where savings are possible.In contrast to financial accounting (which considers money as the measure of economic performance) cost accounting considers money as the economic factor of production.

fadil hoory
by fadil hoory , محاسب , شركة مقاولات بالسعودية

agree with  all >>>>>>>>>>>>>>>>>>>>>>>>>>>>

Mobeen Tahir
by Mobeen Tahir , Credit Officer , Tawuniya Insurance

Cost accounting is included the recording, monitoring and controlling of cost.

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

Unanimous answer - D>>>>>>>>>>

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer D is the correct answer 

..

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Thanks for the eXperts opinion, the Correct option is "D"

Kailas Aravindakshan Nair
by Kailas Aravindakshan Nair , Finance Controller , Voltic Togo Saral Ltd

A method of accounting which all cost incurred to carryout an activity.

Rommel Del Rosario
by Rommel Del Rosario , Financial Analyst , United Networks Co. ( parent co. of Gulfnet Communications Co.)

D. All of the above

 

Cost Accountant are not just there to record the cost but also there to monitor and control them.

 

Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

D) all of the above...thanks for the  invitation. 

Abd ElRahman Mohammed Idris Mohammed
by Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

Option (D) All above<<<<<<<<<<<<<<<<<

The answer to this question is d) All the above

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