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Q. …………….is the amount of expenditure [actual or notional] incurred on or attributable to a given thing.

Q. Flow of cash is said to have taken place when any transactions makes changes in the amount of ………….before happening of the transactions.

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

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

Q. Profit Volume ratio is the ratio of ……………. To sales

Q. The father of Double Entry system is………………

Q. A 'direct' cost is a cost that is classified by:

Q. ………………..cost remains constant per unit of output irrespective of the level of output and thus fluctuates directly in proportion to changes in the volume of output

Q. ………………. are prepared so as to provide time perspective to the consideration of various elements of financial position embodied in such statements.

Q. ……………explains what has happened to a business unit as a result of operations between two balance sheet dates.