Relevance and Superiority of Activity Based Costing (ABC) in Education Sector

Over the years India is witnessing a transition from agriculture based economy to knowledge based economy. International repute has been increased in significant proportion with reference to financial health of the country. In recent time, India can make a remarkable growth because of huge potential and opportunity in the form of youngest population, which is more technical efficient in comparison to global standard. As new environment demands more relevant cost information and performance informer an organization activities, process products services and customer which identity me nears of ABC in the education sector 60 now more and accurate cost can be assigned to each attiring and products. This paper focuses on the relevance and superiority of ABC over traditional costing system and the awareness about it in the education institutions of NCR Area.