Q335
Collection of cost data, according to accounting system in an organized way is classified as
A.
system accumulation
B.
accumulated data
C.
cost accumulation
AnswerD.
organized accumulation
Answer: Option C
Solution
Answer: Option C
Solution:
Collection of cost data, according to accounting system in an organized way is classified as cost accumulation. Cost accumulation involves the use of a formal cost accounting system to collect cost information.