Compared with financial accounting cost accounting is relatively ______ development. A. old B. recent C. earliest D. both A & C Answer: B. recent Cost accounting started as a branch of A. financial accounting B. Management accounting C. corporate accounting D. vedic accounting Answer: A. financial accounting For Any Help Regarding Accounting Assignment Help Visit:- https://www.accountingassignmenthelp.com/ Email:- support@accountingassignmenthelp.com Call/ Text/ WhatsApp: +1(315)557-6473
The
A. technologies
B. creativity
C. complexities
D. Simplicity Answer: C. complexities
In brief, _________ is the activity of finding out the cost of products and services.
A. Financial accounting
B. Management accounting
C. Corporate accounting
D. Cost accounting Answer: D. Cost accounting
modern age
the
of _________ in modern industry
vital importance that cost accounting has acquired in the
is because of
growth
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Cost accounting provides __________ cost information to various levels of Management for efficient performance of their functions. A. Minute B. Limited C. Detailed D. both A & B Answer: C. Detailed Modern management needs _________ information than supplied by financial statements like profit and loss account and balance sheet. A. less detailed B. much more detailed C. limited amount of D. much more restricted Answer: B. much more detailed For Any Help Regarding Accounting Assignment Help Visit:- https://www.accountingassignmenthelp.com/ Email:- support@accountingassignmenthelp.com Call/ Text/ WhatsApp: +1(315)557-6473
The information supplied by cost accounting acts as a tool of Management for making ________ A. minimum use of scarce resources B. maximum use of resources C. optimum use of scarce resources D. all of the above Answer: C. optimum use of scarce resources Cost accounting makes optimum use of scarce resources which ultimately add to the __________ of business A. loss B. profitability C. extinction D. Merger Answer: B. profitability For Any Help Regarding Accounting Assignment Help Visit:- https://www.accountingassignmenthelp.com/ Email:- support@accountingassignmenthelp.com Call/ Text/ WhatsApp: +1(315)557-6473
is the process of determining and accumulating the cost of product or activity.
A. Cost accounting
B. Financial accounting
C. Cost control
D. Cost audit
Answer: A. Cost accounting
_______ involves the classifying recording and appropriate allocation of expenditure for the determination of cost of products or services. A. Pricing
B. Costing
C. Balancing
D. Cost Auditing
Answer: B. Costing
____________
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