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difference Between Cost Accounting and Financial Accounting?
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Answer Posted / d.prashant
One of the basic differences Cost Accounting is helpfully
in controlling the cost of production whereas Financial
Accounting is concerned is helpfully in determining
financial position of a concern .
Cost Accounting helps in finding out cost of a product and
control of cost.whereas Financial Accounting helps in
knowing the financial position of the business i.e is
profit or loss in a financial year.
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