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Among financial and cost accounting,which is more important?
why?
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Answer / jitu
in my openion financial accounting is important because
cost accounting gives only costing data it should be used
to control the cost of a product but financial accounting
gives information regarding profit or loss of the business
and any business should be continued with the movive of
profit only.
| Is This Answer Correct ? | 4 Yes | 1 No |
I think Cost Accouting is more Important,
the reason being, The profir margin Cannot be Decided
without the costing of thr product.Proper Costing of the
product must b calculated in order to make
profits.Financial Accouting comes after the Cost Accouting.
Make me right if I m Worng.
| Is This Answer Correct ? | 2 Yes | 0 No |
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