Cost Accounting Basics Quiz

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By ModernNobility



5 Questions

What is the definition of cost accounting according to the C.I.M.A. London terminology?

How does Wheldon define cost accounting?

What is the difference between cost accounting and costing?

What is cost accountancy according to its definition?

What does cost accounting involve?


Test your knowledge of cost accounting with this quiz covering the classification, accumulation, assignment, and control of costs, as well as budgeting, standard costs, variances analysis, and profitability.

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