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Examveda

Type of accounting, which reports financial and non-financial data about cost of material and acquiring of resources is classified as

A. material accounting

B. cost accounting

C. supplies accounting

D. business accounting

Answer: Option B

Solution(By Examveda Team)

Type of accounting, which reports financial and non-financial data about cost of material and acquiring of resources is classified as cost accounting. Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing the variable costs of each step of production as well as fixed costs, such as a lease expense.

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