What is Cost in Accounting MCQs Quiz Online PDF Download

Learn what is cost in accounting MCQs, cost accounting test for online courses learning and test prep to practice. Basics of accounting quiz has multiple choice questions (MCQ), what is cost in accounting quiz questions and answers to learn for BBA online tests with answers.

Cost accounting practice test MCQ on material or anything for which cost is to be measured is known as with options measurement object, cost object, accounting object and budget object problem solving skills for viva, competitive exam prep, interview questions with answer key. Free study guide is for online learning what is cost in accounting quiz with MCQs to practice test questions with answers. What is Cost in Accounting Video

MCQs on What is Cost in Accounting Quiz PDF Download

MCQ. Material or anything for which cost is to be measured is known as

  1. measurement object
  2. cost object
  3. accounting object
  4. budget object

B

MCQ. In accounting, cost which is predicted to be incurred or future cost is known as

  1. past cost
  2. incurred cost
  3. actual cost
  4. budgeted cost

D

MCQ. In accounting, resources sacrifice for achieving or fulfill specific objective is known as

  1. source cost
  2. sacrifice cost
  3. treated cost
  4. cost

D

MCQ. In accounting, cost incurred in past or in historical financial statements is classified as

  1. actual cost
  2. budgeted cost
  3. past cost
  4. incurred cost

A

MCQ. According to accounting system collection of cost data, in an organized way is classified as

  1. system accumulation
  2. accumulated data
  3. cost accumulation
  4. organized accumulation

C