In accounting system, a document which consists of all assigned cost for specific job is classified as
A. job cost record
B. job cost sheet
C. source document
D. both a and b
Answer: Option D
Solution(By Examveda Team)
In accounting system, a document which consists of all assigned cost for specific job is classified as job cost record and job cost sheet.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
Join The Discussion