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Classification of costs
what are the various classification of cost accounting?
Classification in terms of accounting is when the company accounts are determined for the chart of accounts. This classification helps the accounting department to allocate costs, expenses, and revenue to the correct accounts within the accounting system to appropriately track them.
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what are the various classification of cost accounting?
Classification of costs
409. CD = 400 As D = 500 And IX = 9 Therefore, the answer is 409.
what are the various classification of cost accounting?
Classification in terms of accounting is when the company accounts are determined for the chart of accounts. This classification helps the accounting department to allocate costs, expenses, and revenue to the correct accounts within the accounting system to appropriately track them.
It represents 409 in today's notation of Roman numerals
No, the highest level of accounting classification is not necessary for controlling funds. Control of funds can be achieved through effective budgeting, monitoring of transactions, and regular financial reporting regardless of the level of accounting classification used.
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