BBA Cost Accounting MCQs – Practice Test for Exam Prep

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"What is Cost in Accounting MCQ" App Download [Free] with MCQ: Material or anything for which cost is to be measured is known as; with answers: measurement object, cost object, accounting object, and budget object to improve learning outcomes. Practice What is Cost in Accounting Quiz Questions, download Apple Book (Free Chapter) for online learning success.

What is Cost in Accounting MCQs PDF Download – Prep Test

MCQ 1: The material or anything for which cost is to be measured is known as:

measurement object
cost object
accounting object
budget object

MCQ 2: In accounting, the cost which is predicted to be incurred or future cost is known as:

past cost
incurred cost
actual cost
budgeted cost

MCQ 3: In accounting, the resources sacrifice for achieving or fulfill specific objective is known as:

source cost
sacrifice cost
treated cost
cost

MCQ 4: In accounting, the cost incurred in past or in historical financial statements is classified as:

actual cost
budgeted cost
past cost
incurred cost

MCQ 5: According to accounting system the collection of cost data, in an organized way is classified as:

system accumulation
accumulated data
cost accumulation
organized accumulation

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