CMA Inter Paper 8 Cost Accounting Practice Questions - ICMAI CMA Intermediate Paper 8 Cost Accounting (CA) Exam

Which of the following is the PRIMARY objective of cost accounting?

To prepare statutory financial statements for shareholders To compute income tax liability To value goodwill on amalgamation To ascertain cost and aid cost control and decision-making

Correct Answer:

To ascertain cost and aid cost control and decision-making

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