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Q. Indirect costs are also known as

Q. A cost which changes in proportion to changes in volume of activity is called

Q. …………cost is defined as the aggregate of variable costs or prime costs plus variable overheads.

Q. Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only

Q. Which among the following asset is excluded from current assets ?

Q. If the Gross sales of a concern is Rs.200000 and sales return is 20000, Gross profit is 150000.cost of goods sold is……………………..

Q. The performance of investment centre is based on ……………….

Q. Accounting designed to serve parties external to the operating responsibility of the firm is termed as…………….

Q. ……………….journal is used to record credit sale of goods

Q. The ratio of contribution to ……………. Is called P/V ratio