THE IMPORTANCE OF COST ACCOUNTING SYSTEM IN MANUFACTURING INDUSTRIES
CHAPTER ONE 1.0 INTRODUCTION Cost accounting is considered as the managerial planning and control activities furnishing management with the necessary accounting tools to plan, control and evaluate the operation. The term cost accounting as however published by the institute of cost and management accountant is defined as “the application of costing and cost accounting principles, methods and techniques to the science art and practice of cost control and the ascertainment of ...
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