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Q. The term……………..is defined as a system that ensures the provision of the required quantity of material of the required quality at the required time with the minimum amount of capital.

Q. Depreciation is a ………….. Expense

Q. …………..is the system of costing under which costs are determined after they have been incurred.

Q. The document prepared on receipt of materials in store is known as

Q. ……………..cost is the cost of commodities supplied to an undertaking.

Q. A location, person or item of equipment for which costs may be ascertained and used for the purposes of cost control is known as .

Q. On the basis of ……………… cost can be classified into fixed and variable.

Q. Weighted average method for inventory is permissible in:

Q. Statement prepared to show the different elements of cost

Q. Definitive contract terms are spelled out in the: