Match the following.
| List-I | List-II |
| a. Cost accounting | 1. . . . . . . . . is usually prepared every month. |
| b. Funds flow statement | 2. . . . . . . . . deals with the cost of production, selling and distribution. |
| c. Cash flow statement | 3. . . . . . . . . is an important technique financial analysis. |
| d. Ratio analysis | 4. . . . . . . . . depicts the profit or loss made during a specified period. |
A. a-4, b-3, c-2, d-1
B. a-2, b-1, c-4, d-3
C. a-4, b-3, c-1, d-2
D. a-3, b-4, c-2, d-1
Answer: Option B
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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