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.