Hi guys 👋 in this blog let's see about the basics on cost accounting it is the expenditure incurd for producing the product or rendering the service that is actual or National amount of Expenditure attributable to the specified product or activity it should be expressed from manufacturers point of view and not some customers point of you as a statement is based on uniform principles and techniques accounting maybe defined as accounting for classification and analysis of expenditure as well enable the totalof any particular unit of production to be ascertaint with reasonable degree of accuracy and that the same time to disclose exactly how Sach total cost is constituted accounting S equal to Plus application of control method - astitment of Profit ability cost of accountancy is defined as the application of costing and accounting principle methods and techniques to the science art and practice of cost controlment of Profit ability it is the application of and the cost accounting principle matters and techniques with includes the presentation of information it is for the purpose of managerial decision making the sol or comes under objective of accounting scope of accountancy include acetylement accounting control reports and Audit financial accounting is primarily concerned with the preparation of financial statement which summarize the result of operation for selected period of time and show the financial position of the company at the particular dates accounting as the name implies primerly concerned with the determination of cost of something which maybe I product service of an operation according to costing objective of management of accountant is timely charged with the responsibility of providing cost data for whatever purpose they may be required for advantages our identifying and profitably activities to apply reduction techniques operations research techniques and value analysis technique to achieve the objective of economy in concerns operation aid to continuous effect for finding new and improve the method for reducing to identify the reason for decrease in the profit of the business product or product lines so that these maybe eliminated it provide information and data to the management to serve as a guys in making decision and is also necessary guidance on make or by decision what ever weather to accept order at below their which mission to purchase if more than one choices or available price fixation it also serve as a guide to test the adequately of selling price use of accounting techniques variant analysis it also helps to cause to control provide figures for the use of government Wage tribunals and other bodies it also help to workout the cost of capacity. 
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