Which of these is not an objective of Cost Accounting?

A. Ascertainment of Cost

B. Determination of Selling Price

C. Cost Control and Cost reduction

D. Assisting Shareholders in decision making

Answer: Option D

Solution(By Examveda Team)

Assisting Shareholders in decision making is not an objective of Cost Accounting. Objectives of cost accounting are ascertainment of cost, fixation of selling price, proper recording and presentation of cost data to management for measuring efficiency and for cost control and cost reduction, ascertaining the profit of each activity, assisting management in decision making and determination of break-even point.