Cost accumulation is the collection of cost data in some organised way by means of an accounting system.

Name: Cost accumulation is the collection of cost data in some organised way by means of an accounting system.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost accumulation refers to the process of collecting and organizing cost data through an accounting system. This enables organizations to accurately track and report their costs, which is essential for effective decision-making and financial management. Therefore, the statement is true.

Cost Accumulation Is the Collection of Cost Data in Some