What is Management Accounting? Definition, Functions, Objectives, Scope

Management accounting is the accounting system for making decisions of the business enterprise. Management accounting furnishes the necessary information to assist the business enterprise to make rational decisions through the development of policies and procedures in order to meet the day to day commitments of the enterprise.

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Marginal Cost: Definition, Example, Features, Advantages, Disadvantages

What is Marginal Cost? Marginal Cost is a technique of cost accounting which pays special attention to the behavior of costs with changes in the volume of output. Marginal Cost…

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