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As title implies cost accounting is usually a process of accounting for Charge. The process of Charge accounting begins with recording of cash flow , expenditure and preparing of statistical data. Charge accounting is surely an artwork of deciding cost.
At that time the men and women relied about the primitive accounting system to file the growth of their herds and crops and. While using the improvement of company accounting can be evolving and strengthening day by working day.
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The event resulted within a split of accounting systems for inside accounting or management accounting and exterior often known as financial accounting.
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