Over valuation of ________ in cost accounts is deducted to costing profit to find out financial profit.

Related MCQs

• ____________ Accounts is the name given to a system whereby cost and financial accounts are kept in the same set of books.
• 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.
• The method of costing applied in biscuit industries is ………….costing and in steel industry………….costing.
• The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as …………
• In process costing, the abnormal loss is treated as ……….cost and written off to profit & loss account.
• 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.