ABC is a method of cost accounting designed to identify streams of activity and then to allocate costs across particular business processes according to the amount of time employees devote to particular activities.

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ABC stands for Activity-Based Costing, which is a cost accounting method that identifies activities within an organization and allocates costs to those activities based on the resources consumed by each activity. This helps in identifying the true cost of each business process and provides valuable information for decision making.

ABC Is a Method of Cost Accounting Designed to Identify