The important features of Cost Accounting are stated below:

a) It is a process of accounting to determine costs.

b) It records incomes and expenditures, incurred for manufacturing prowl and rendering services.

c) It provides ^statistical data for preparing estimates and submitting quotations.


d) It is the basis to ascertain and control costs.

e) -. It evaluates efficiency by comparing actual performance with the stander performance fixed for the purpose.

f) It involves recording, analysis, comparison and reporting of co, information for day-to-day managerial decision.