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difference Between Cost Accounting and Financial Accounting?
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Answer Posted / ranjani
cost acccounting is used to find the cost of a product so
that it can be controlled , financial accounting on the
other hand gives the overall performance of the entity and
does not give details regarding the operating efficiency of
the entity. One can say that , Financial accounting shows
the financial position at macro level and cost accounting
is at micro level. Cost accounting is more in detail of
basic operating expenses
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