CA Inter Paper 4 Practice Questions - CA Intermediate Paper 4 Cost And Management Accounting Exam

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Under the ICAI cost accounting framework, what is the primary objective of cost accounting as distinct from financial accounting?

Ascertainment of cost and control of cost for managerial decision-making Preparation of statutory financial statements for external stakeholders Computation of taxable income under the Income-tax Act, 1961 Recording of transactions in compliance with the Companies Act, 2013

Correct Answer:

Ascertainment of cost and control of cost for managerial decision-making

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