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B. COM SEMESTER V COST ACCOUNTING I MULTIPLE CHOICE QUESTIONS1. According to CIMA, England, the technique and process of ascertaining cost is called a. Costing c. Cost Accountancy b. Cost Accounting.

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ing to I.C.M.A. London – “Cost Accounting is the technique and process of ascertainment of cost.” Walter W. Bigg has defined cost accounting as follows: - “Cost Accounting is the provision of. such analysis and classification of expenditure as will enable the total cost of any particular unit.

ing to CIMA, England, "the technique and process of ascertaining cost is calledCosting.

ing to I.C.M.A. London – “Cost Accounting is the technique and process of ascertainment of cost.” Walter W. Bigg has defined cost accounting as follows: - “Cost Accounting is the provision of. such analysis and classification of expenditure as will enable the total cost of any particular unit.

ing to CIMA (Chartered Institute of Management Accountants), Cost Accounting is defined as a system put in place by the management to generate the amount incurred in the production of goods and services so as to determine the cost of production and profit generated in the organization.

Classifying costs by nature involves splitting costs into: Direct costs – Costs that are clearly linked to a particular cost object. Indirect costs – Costs that cannot be directly linked to a particular cost object.

The official CIMA definition of process costing is: “The method applicable where goods or services result from a sequence of continuous or repetitive operations or processes. Costs are averaged over the units produced during the period, being initially charged to the operation or process.”

Costing- The technique and process of ascertaining costs is known as Costing.

In cost accounting, you allocate actual and budgeted costs of operations, departments, products, and projects to analyse the profitability of your company.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232