…………………. Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.

Related MCQs

• The method of costing applied in biscuit industries is ………….costing and in steel industry………….costing.
• ……………..includes financial and cost accounting, tax planning and tax accounting.
• Process costing is also known as……………….costing.
• Operating costing is also known as ……………..costing.
• ………………..costing is a type or technique of costing.
• ………………..costing is a type or technique of costing.
• The method of costing used in a refinery is……………..costing.
• Boiler house costing is an example of …………….costing
• Contract costing is specialized system of job costing applies to _____ contracts.
• Batch costing is a form of specific order/job costing where the cost per unit is ascertained by _________ the total cost of a batch by the number of items produced in that batch.