Cost Accountancy is exercising the practice of a cost accountant. It includes his continuous initiatives in discussion of info for the objective of managerial decision-making. COst Accountancy includes several topics, such as Cost Accounting, Costing, Cost Control as well as Cost Audit. Cost Accountancy is science because it is the organized understanding which a cost accounting professional should have to ensure that he may correctly discharge his duty and also features. Cost Accountancy is also an art because it consists of the ability and skill with which a price accounting professional learns to apply his knowledge to the numerous problems like ascertainment of costs, control of costs, ascertainment of profitability, replacement of plants and technology, marginal costing, etc. Click here for Quiz on Cost audit
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