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Commerce · Q336

Costing

Graduate and Post Graduate · Commerce · question 336

Q336

Which of following is an example of purchasing costs?

A.
incoming freight
B.
storage costs
C.
insurance
Answer
D.
spoilage

Answer: Option C

Solution

Answer: Option C
Solution:
Insurance is an example of 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.