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Q. …………………..does not deal with the accumulation, classification, analysis, allocation, summarization, interpretation, reporting and control of current and perspective costs.

Q. The system of purchasing from one’s customer preferred to others is known as

Q. Purchase order is a legal binding contract only if it is

Q. The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .

Q. Cost of leather used in shoe making is the example of direct………….

Q. …………is an extension of job costing.

Q. ‘Buffer stock’ is the level of stock

Q. The receipt of…………….is the first step in purchase procedure.

Q. ………………is a statement showing cost of production of a particular product.

Q. Depreciation is a ………….. Expense