rohith
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Hi May I know, What is the difference between costing and cost accounting?
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veeru
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Costing is the process of ascertaining costs whereas cost accounting is the process of recording various costs in a systematic manner, in order to prepare statistical date to ascertain cost.
karthikeya
answered
HI,
**Costing** is a dynamic technique in which changes may take place from time to time in comparison to cost accounting that enables to determine and control the cost of manufactured goods.
**Cost accounting** is a process of collecting, analyzing, summarizing and evaluating various alternative courses of action. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability. Cost accounting provides the detailed cost information that management needs to control current operations and plan for the future.
Shubhangi Jain
answered
Costing is the process of ascertaining costs whereas cost accounting is the process of recording various costs in a systematic manner, in order to prepare statistical date to ascertain cost.
Costing is a dynamic technique in which changes may take place from time to
time in comparison to cost accounting that enables to determine and control
the cost of manufactured goods.
