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Questions and Answers
Which textbook is recommended for the Cost Accounting course?
Which textbook is recommended for the Cost Accounting course?
- Cost and Management Solutions by M N Arora (correct)
- Accounting System (In Brainstorming Session Class Activity)
- Cost Accounting 1 Course Code: BSAC2103
- Accounting : Theory, Problems and ProQuest Resource
What is the definition of cost?
What is the definition of cost?
- The amount of expenditure incurred or attributable to a given thing (correct)
- The nature, objectives, and scope of cost accounting
- The different classifications of cost
- The basic concepts related to cost accounting
What are the learning outcomes of the Cost Accounting course?
What are the learning outcomes of the Cost Accounting course?
- Understand the basic concepts related to cost accounting
- Familiarize between the different classifications of cost
- Explain the concepts of cost objects, cost units, and cost centers
- All of the above (correct)
What is the specialization of the Cost Accounting course?
What is the specialization of the Cost Accounting course?
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Which term is defined as 'the techniques and processes of ascertaining costs' according to CIMA?
Which term is defined as 'the techniques and processes of ascertaining costs' according to CIMA?
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What is the primary objective of cost accounting?
What is the primary objective of cost accounting?
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According to CIMA, what does cost accounting encompass?
According to CIMA, what does cost accounting encompass?
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Which term is defined as 'the amount of expenditure (actual or notional) incurred or attributable to a given thing' according to CIMA?
Which term is defined as 'the amount of expenditure (actual or notional) incurred or attributable to a given thing' according to CIMA?
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What are the main objectives of cost accounting?
What are the main objectives of cost accounting?
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