The main purpose of cost accounting is to
A. assist management in decision-making
B. maximise profits and minimise losses
C. comply norms issued by the Government of India from thime to time
D. prepare cost accounts in line with the accounting standards
Answer: Option D
This Question Belongs to Management >> Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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