Discuss the limitations of financial accounting and explain the importance of cost accounting.
Financial and Cost Accounting
Q1. Differentiate between Management Accounting and Financial Accounting.
Q2. What one the objectives of cost accounting? What are its advantages and limitations?
Q3. Explain briefly the objects advantages and limitations of costing.
Q4. Discuss the limitations of financial accounting and explain the importance of cost accounting.
Q5. What is cost accounting? What are its objectives? Discuss.
Q6. Differentiate between idle cost and standard cost?
Q7. Explain the different rules of journalizing the transaction with appropriate illustrations?
Q8. What is a trial balance? Explain its objective.
Discuss the limitations of financial
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Discuss the limitations of financial
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Discuss the limitations of financial
