________ is concerned with historical records, while ________ is concerned with historical cost with pre-determined cost.

CS Executive · Cost and Management Accounting · PYQS · June 2019
________ is concerned with historical records, while ________ is concerned with historical cost with pre-determined cost.
(A) Cost Accounting, Financial Accounting
(B) Financial Accounting, Cost Accounting
(C) Financial Accounting, Management Accounting
(D) Management Accounting, Cost Accounting

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Introduction to Cost Accounting

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