Work uncertified is ________.
A. debited to contract a/c
B. credited to contract a/c
C. debited to contractor a/c
D. debited to profit and loss a/c
Answer: Option B
A. debited to contract a/c
B. credited to contract a/c
C. debited to contractor a/c
D. debited to profit and loss a/c
Answer: Option B
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
How?