COST ACCOUNTING ENTAILS THE PROVISION OF INFORMATION
- A. for investment purposes
- B. for decision making ✓
- C. to shareholders
- D. to stockholders
The answer to the question is: B. for decision making
Cost accounting entails the provision of information primarily for decision making. Cost accounting is a branch of accounting that deals with the recording, analysis, and allocation of costs associated with a business’s operations. The information provided by cost accounting is used by management to make informed decisions regarding various aspects of the business, such as pricing, budgeting, and resource allocation.
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