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Process cost is ascertained and recorded in ________.

A. balance sheet

B. profit and loss a/c

C. separate statement

D. separate ledger a/c

Answer: Option D

Solution(By Examveda Team)

Process cost is ascertained and recorded in separate ledger a/c. Process costing is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process. Costs are assigned to products, usually in a large batch, which might include an entire month's production.

This Question Belongs to Commerce >> Costing

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