Cost Accounting MCQ'S
A store ledger card is Most similar to ?
a. Stock ledger
b. Bin card - Correct Answer
c. Material card
d. Purchase requisition card
Closing work in process Inventory of last year?
a. Is treated as Opening inventory for current year - Correct Answer
b. No affect
c. Become expense in the next year
d. Charge to Profit & Loss account
The Evaporation of petrol while transportation if called?
a. Normal Loss - Correct Answer
b. Abnormal Loss
c. It is incremental loss
d. It cannot be abnormal loss
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