……………… is concerned with accounting and recording of costs.

Related MCQs

• The branch of accounting dealing with the classification, recording, allocation, summarization and reporting of current and prospective costs is known as
• The evolution of cost accounting took place because of…………………….of financial accounting.
• Cost accounting has been developed because of………………financial accounting.
• …………………..does not deal with the accumulation, classification, analysis, allocation, summarization, interpretation, reporting and control of current and perspective costs.
• ………………………..is concerned with formulation and / or application of principles, methods and techniques of costing.
• A location, person or item of equipment for which costs may be ascertained and used for the purposes of cost control is known as .
• Weighted average cost method produces different allocation of inventory costs in periodic and perpetual inventory system?
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• Cost accounting is the art, science and …………… cost of accountant
• …………..is the system of costing under which costs are determined after they have been incurred.