Wage sheet is prepared by ________.
A. time keeping department
B. personnel department
C. payroll department
D. cost accounting department
Answer: Option C
Solution(By Examveda Team)
Wage sheet is prepared by payroll department. The payroll or wage sheet is a consolidated list of workers, which shows the gross deductions and net wages payable to them.Join The Discussion
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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 ________.
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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
Loss incurred in an incomplete contract is transferred to ________ A/C.