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  Theory Question Question : what is the scope and purpose of cost accounting as a managerial tool ? how to its is Different from the financial accounting ? Cost accounting is a branch of accounting that focuses on the recording, analysis, and reporting of costs associated with the production of goods or services. It serves as a valuable managerial tool by providing detailed information about costs, helping managers make informed decisions, and facilitating effective cost control within an organization. The scope of cost accounting encompasses the following key areas: 1. Cost Accumulation: Cost accounting collects and accumulates data related to various cost components, such as direct materials, direct labor, and manufacturing overhead. It tracks costs at different stages of production and assigns them to specific products, services, or cost centers. 2. Cost Analysis: Cost accountants analyze the collected data to identify cost patterns, trends, and drivers. They use techniques such as

 As a B.Com student, studying e-commerce is essential in today's business world. To help you prepare for your exams, we have compiled a list of important questions related to e-commerce that you should know. Additionally, we have provided a download link to the e-commerce notes for your convenience. What is e-commerce, and how does it differ from traditional commerce? Explain the various types of e-commerce business models. What is m-commerce, and how does it differ from e-commerce? Discuss the advantages and disadvantages of e-commerce. What are the various security issues related to e-commerce, and how can they be addressed? What is online payment, and how does it work? Explain the various online marketing strategies used in e-commerce. What is B2B e-commerce, and how does it differ from B2C e-commerce? Discuss the various legal and ethical issues related to e-commerce. By having a strong grasp of these topics, you will be well-prepared for any e-commerce related questions on you