Cost accounting is a process of analyzing and identifying the cost of per unit manufacturing.
Advantages of Cost Accounting
- it helps to reduce the cost.
- it helps to improve financial accountability in the company.
- it makes accounting process easy.
- It improve efficiency.
- It helps to guide in Reducing Prices
Disadvantages of Cost Accounting
- It is complex task.
- It is expensive.
- It leads to over absorption.
- It has Lack of Accuracy.