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is the value of economic resources used as a result of...

This question belongs to Commerce Costing
Costing
?

___________ is the value of economic resources used as a result of producing or doing the thing costed.

Answer & Solution
Correct Answer: Option A
Cost is the value of economic resources used as a result of producing or doing the thing costed. Cost is ascertained by cost centres or cost units or by both.
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