Cost Accounting

Preface

The world has been reduced to a Global Village, and Globalization has become the order of the day. In the era of Globalization and with the blessings of accounting experts, cost accounting has come to occupy a prominent place. On the other side, competition has become very intense among business houses, and price reduction has become a crucial weapon in the hands of the producers and marketers. Unless and otherwise the prices are kept as low as possible, the survival of the producers and marketers will be in peril. Apart from cost reduction, maximum utilization of resources has also become inevitable. Hence, the knowledge of cost accounting has become a must for every one, particularly for commerce and management students. In this context, ...