Bin Card is a?
A. Quantitative as well as value wise records of material received, issued and balance
B. Quantitative record of material received, issued and balance
C. Value wise records of material received, issued and balance
D. a record of labour attendance
Answer: Option B
Solution(By Examveda Team)
Bin Card is a quantitative record of material received, issued and balance. A BIN Card is a table that records the status of a good held in stock.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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