| List-I | List-II |
| a. Statement of changes in working capital | 1. Cash flow statement |
| b. Deferred tax | 2. Fixed assets |
| c. Three activities | 3. Fund flow statement |
| d. Impairment loss | 4. Balance sheet |
A. a-1, b-2, c-3, d-4
B. a-3, b-4, c-2, d-1
C. a-3, b-4, c-1, d-2
D. a-4, b-3, c-1, d-2
Answer: Option C
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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