What is Cost in Accounting MCQs Questions and Answers PDF Book Download

What is cost in accounting MCQs, what is cost in accounting quiz answers to learn accounting courses online. Basics of accounting multiple choice questions (MCQs), what is cost in accounting quiz questions and answers for business degree online classes. Learn what is cost in accounting test prep for financial business analyst certification.

Learn basics of accounting test MCQs: material or anything for which cost is to be measured is known as, with choices measurement object, cost object, accounting object, and budget object for business degree online classes. Practice merit scholarships assessment test, online learning what is cost in accounting quiz questions for competitive assessment in business majors for finance certifications. What is Cost in Accounting Video

MCQ on What is Cost in AccountingQuiz Book 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