The type of accounting that deals with the collection,allocation and control of costs in an organisation is called:

Question

Quizplus · Accepted Answer

Cost accounting is specifically designed to handle the collection, allocation, and control of costs in an organization. Budgeting is a broader financial planning process, and internal auditing focuses on ensuring the accuracy and integrity of an organization's financial records. Therefore, the best choice is B) Cost accounting.

The Type of Accounting That Deals with the Collection,allocation and Control