Type of accounting, which reports financial and non-financial data about cost of material and acquiring of resources is classified as?

Question

Type of accounting, which reports financial and non-financial data about cost of material and acquiring of resources is classified as?

material accounting
cost accounting
supplies accounting
business accounting

LohaHridoy

9 views

2025-01-04 04:42

1 Answers

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AhmedNazir · Accepted Answer · 2022-09-01T13:21:41+06:00

Answer: Option 2

Type of accounting, which reports financial and non-financial data about cost of material and acquiring of resources is classified as cost accounting. Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing the variable costs of each step of production as well as fixed costs, such as a lease expense.