The basic objectives of cost accounting are:

a. Financial Audit: Cost accounting helps in the financial audit by providing detailed information about the costs involved in different processes. It helps auditors understand where the money is going and whether it is being used efficiently or not.

b. Profit Analysis: One of the main objectives of cost accounting is to analyze the profitability of different products, services, or departments within a company. It helps in identifying which areas are more profitable and which ones need improvement.

c. Tax Compliance: Cost accounting helps in tax compliance by accurately tracking all costs and expenses. This information is crucial for calculating taxable income and for preparing tax returns.

d. Cost Ascertainment: Cost accounting is used to ascertain the cost of a product or service. It involves identifying and adding up all the costs that are incurred in producing a product or delivering a service. This information is important for pricing decisions and for measuring profitability.

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The basic objectives of cost accounting are:

a. Financial Audit: Cost accounting helps in the financial audit by providing detailed information about the costs involved in different processes. It helps auditors understand where the money is going and whether it is being used efficiently or not.

b. Profit Analysis: One of the main objectives of cost accounting is to analyze the profitability of different products, services, or departments within a company. It helps in identifying which areas are more profitable and which ones need improvement.

c. Tax Compliance: Cost accounting helps in tax compliance by accurately tracking all costs and expenses. This information is crucial for calculating taxable income and for preparing tax returns.

d. Cost Ascertainment: Cost accounting is used to ascertain the cost of a product or service. It involves identifying and adding up all the costs that are incurred in producing a product or delivering a service. This information is important for pricing decisions and for measuring profitability.

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The basic objectives of cost accounting are:

a. Financial Audit: Cost accounting helps in the financial audit by providing detailed information about the costs involved in different processes. It helps auditors understand where the money is going and whether it is being used efficiently or not.

b. Profit Analysis: One of the main objectives of cost accounting is to analyze the profitability of different products, services, or departments within a company. It helps in identifying which areas are more profitable and which ones need improvement.

c. Tax Compliance: Cost accounting helps in tax compliance by accurately tracking all costs and expenses. This information is crucial for calculating taxable income and for preparing tax returns.

d. Cost Ascertainment: Cost accounting is used to ascertain the cost of a product or service. It involves identifying and adding up all the costs that are incurred in producing a product or delivering a service. This information is important for pricing decisions and for measuring profitability.

Basic objectives of cost accounting is .a.financial audit.b.profit analysis.c.tax compliance.d.cost ascertainmen

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