Accounting
Accounting is an information science used to collect, classify, and manipulate financial data for organizations and individuals.
Accounting is the recording of financial transactions plus storing,
sorting, retrieving, summarizing, and presenting the information in
various reports and analyses. Accounting is also a profession consisting
of individuals having the formal education to carry out these tasks.
Cost Accounting
Cost Accounting is a phase of general accounting procedure by means of which details of cost of material, labor and overhead necessary to produce and sales of a article are recorded, summarized, analyzed and interpreted.
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