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Value accounting is without doubt one of the vital branch of accounting that deals with the underlying prices in a enterprise. It is a systematic set of procedures for recording and reporting measurement of the cost of manufacturing items and performing services in the aggregate and in detail. Price accounting categorized numerous prices in numerous heads i.e. fastened and variable cost, direct and indirect value, products and interval cost, controllable and uncontrollable price and incremental and alternative price and so forth.
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