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Commerce · Q345

Costing

Graduate and Post Graduate · Commerce · question 345

Q345

Costs of goods acquired from suppliers is classified as

A.
stock-out costs
B.
ordering costs
C.
carrying costs
D.
purchasing costs
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Costs of goods acquired from suppliers is classified as purchasing costs. It is important when you decide to buy a home that you have a full understanding of the costs associated with your purchase.