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Commerce · Q173

Costing

Graduate and Post Graduate · Commerce · question 173

Q173

Operating cost is usually ascertained through ________.

A.
a ledger account
B.
profit and loss a/c
C.
balance sheet
D.
a statement
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Operating cost is usually ascertained through a statement. Operating costs are expenses associated with the maintenance and administration of a business on a day-to-day basis.