Which of the following expenditure groups are direct expenses of the business?
A. Salary, wages and shop rent
B. Stationary post and telephone bills
C. Wages, input vehicle expenses and local taxes
D. Advertisement, statutory fee and audit fee
Answer: Option C
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
Join The Discussion