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Hello i have a few questions regarding the Cost accounting principle. Please answer in detail....

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Accounting

Hello i have a few questions regarding the Cost accounting principle. Please answer in detail. thank you.

1. What is the Cost Accounting Principle ? 2. What are the advantages and disadvantages of using this principle ?

3. What are the alternatives (if any) to the cost principle ? Are they better in comparison to the cost principle or no ?

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