____________ Accounts is the name given to a system whereby cost and financial accounts are kept in the same set of books.

Related MCQs

• Over valuation of ________ in cost accounts is deducted to costing profit to find out financial profit.
• ABC ltd. uses the following flexible budget formula to annual maintenance cost: Total cost = Rs. 6720 + Rs. 0.64 for machine hour The current month's budget is based on 20,000 hours of planned machine time. The maintenance cost included in this flexible budget for the current month is
• A statement prepared to provide detailed cost of a cost centre or cost unit is
• Cost accounts deal partly with facts and figures and partly with………
• ……………..includes financial and cost accounting, tax planning and tax accounting.
• A company estimates its direct material requirements for the month of November 2014 to be Rs. 2,40,000 and the direct labour to be Rs. 1,500,00. It is the policy of the company to absorb overheads as under : Factory overheads 60% of direct wages Administrative overheads 20% of work cost Selling and distribution overheads 25% of work cost it is estimated that the selling and distribution overheads will increase by 15% in November the budgeted sales for the month of November 2014 is
• Unsuccessful research expenditure should be …………….. cost accounts.
• Cost Accounting has been developed becauseof……………… of Financial Accounting.
• Cost accounting has developed due to the ___________ of financial accounting
• Cost Accountancy is the science, art and ……………….of a cost accountant.