The branch of accounting dealing with the classification, recording, allocation, summarization and reporting of current and prospective costs is known as

Related MCQs

• …………………..does not deal with the accumulation, classification, analysis, allocation, summarization, interpretation, reporting and control of current and perspective costs.
• ……………… is concerned with accounting and recording of costs.
• Weighted average cost method produces different allocation of inventory costs in periodic and perpetual inventory system?
• ……………………method of pricing material issues provides a better matching of current costs with current revenues.
• The evolution of cost accounting took place because of…………………….of financial accounting.
• Cost accounting has been developed because of………………financial accounting.
• A location, person or item of equipment for which costs may be ascertained and used for the purposes of cost control is known as .
• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• Proper classification and codification of various items in stores is essential for efficient…………….. .
• A purchasing operation does not contain this classification of work?