Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Answer: Option C
Solution(By Examveda Team)
Basic objective of cost accounting is cost ascertainment. It involves the ascertainment of the cost of every job, order, product, process or service.Related Questions on Costing
Strength of relationship between cost driver and cost is considered as
A. badness of residual
B. goodness of residual
C. badness of fit
D. goodness of fit
Discarded material substances having no value is called ________.
A. waste
B. scrap
C. defectives
D. spoilage
A. selling time record
B. labour time record
C. buying time record
D. direct time record
The stores keeper should initiate a purchase requisition when stock reaches ________.
A. Average stock level
B. Minimum stock level
C. Maximum stock level
D. Re-order level
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