All of the following are features of cost accounting except: September 2010
Correct Answer: Benefits are expressed in terms of money
Description: Ans. C: Benefits are expressed in terms of money Cost accounting establishes budget and actual cost of operations, processes, depaments or product and the analysis of variances, profitability or social use of funds. Managers use cost accounting to suppo decision-making to cut a company's costs and improve profitability.
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