A technique where standardised principles and methods of cost accounting are employed by a number of different companies is termed as —

CS Executive · Cost and Management Accounting · PYQS · December 2016
A technique where standardised principles and methods of cost accounting are employed by a number of different companies is termed as —
(A) Uniform costing
(B) Absorption costing
(C) Standard costing
(D) ABC costing.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Cost Accounting

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