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
LIFO method of pricing of materials is more suitable when _________.
A. material prices are rising
B. material prices are falling
C. material prices are constant
D. material prices are fluctuating
A. Rs 6562.50
B. Rs 12,250.00
C. Rs 14,437.50
D. Rs 25,375.00
Continuous budget is also known as
A. rolling budget
B. pin budget
C. specific budget
D. past budget
Situation in which cost object has any job, customer or product is known as
A. cost application base
B. sale application base
C. price application base
D. direct application base
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