…………………is a record of both quantities and values.

Related MCQs

• The…………….must maintain a proper classified record of all purchases, uses and stock of materials.
• Advantage of both centralized buying and storage of having stock conveniently available at several issuing points are possible in……………. system of stores organization.
• __________ is based on information gathered and analyzed about demand and supply. this forecast provides a prediction of short and long term prices and the underlying reasons for those trends.
• …………………..does not deal with the accumulation, classification, analysis, allocation, summarization, interpretation, reporting and control of current and perspective costs.
• The branch of accounting dealing with the classification, recording, allocation, summarization and reporting of current and prospective costs is known as
• ………………………..is concerned with formulation and / or application of principles, methods and techniques of costing.
• The expenses which can be identified with and allocated to cost centers and cost units are termed as……………..
• The cost of activities relating to create and stimulate demand for company’s products and to secure orders is known as……….overheads.
• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• …………………. Is defined on the guidance and regulation by executive action of cost operating and under taking