Material is issued by store keeper against ________.
A. material requisition
B. material order
C. goods received note
D. purchase requisition
Answer: Option A
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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
When additional material is required by the production department, the manager send material requisition to the store keeper. The store keeper then issues the material.