…………….is the amount of expenditure [actual or notional] incurred on or attributable to a given thing.

Related MCQs

• Income statement matches the …………… incurred in the accounting year
• Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incurred
• ………….cost represents the amount of any given volume of output by which aggregate costs are changed if the volume of output is increased by one unit.
• An increase in current asset accompanied by the increase in current liabilities of the same amount will…………………
• Flow of cash is said to have taken place when any transactions makes changes in the amount of ………….before happening of the transactions.
• Given opening stock is Rs.20000, Direct expenses 10000, Closing stock 5000.Cost of goods sold is ……………………
• Given sales = 150000, Fixed costs = 30000, Profit = 40000.The variable cost is………….
• Given sales = 100000, Profit = 10000 , variable cost = 70%.The sales required to earn a profit of Rs.40000 is ………………………