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Commerce · Q330

Costing

Graduate and Post Graduate · Commerce · question 330

Q330

In accounting, resources sacrifice for achieving or fulfil specific objective is known as

A.
source cost
B.
sacrifice cost
C.
treated cost
D.
cost
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
In accounting, resources sacrifice for achieving or fulfil specific objective is known as cost. Cost is the monetary value that a company has spent in order to produce a product.