The primary objective of cost accounting is:
A. Ascertain the cost of goods and services
B. Ascertain the profit
C. Presentation of all data
D. None of these
Answer: Option A
A. Ascertain the cost of goods and services
B. Ascertain the profit
C. Presentation of all data
D. None of these
Answer: Option A
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these
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