COST ACCOUNTING Definition

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COST ACCOUNTING is a managerial accounting activity designed to help managers identify, measure, and control operating costs.

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NOT SUFFICIENT FUNDS (NSF) CHECK is a bank check written against an inadequate balance. Also called insufficient-funds check and, informally, a bounced check.

FINISHED GOODS INVENTORY (FGI) is that portion of goods in inventory which have completed manufacture and are available for sale.

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