Cost And Management Accountıng Deneme Sınavı Sorusu #1404880

Which of the following is wrong with cost accounting?


Purpose of cost accounting is to find the cost of product or service.

Expense is the sacrifice, measured by the price paid or to be paid, to acquire goods or services.

Cost accounting can be defined as information a system.

Purpose of cost accounting is planning and controlling activities.

Purpose of cost accounting is decision-making process.


Yanıt Açıklaması:

The correct answer is B. Cost is the sacrifice, measured by the price paid or to be paid, to acquire goods or services. The expense is defined as a noun, a decrease in owners’ equity accompanying the decrease in net assets caused by selling goods or rendering services or by the passage of time. 

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