Match the following : (P) Visible or invisible loss that cannot be collected and in certain cases it involves further costs of disposing 1. Defectives (Q) Residue which is measurable and has a minor value 2. Spoilage (R)
CS Executive · Cost and Management Accounting · PYQS · December 2016
Match the following : (P) Visible or invisible loss that cannot be collected and in certain cases it involves further costs of disposing 1. Defectives (Q) Residue which is measurable and has a minor value 2. Spoilage (R) Components so damaged in process and cannot be repaired 3. Scrap (S) Imperfections may arise because of sub-standard work, can be made perfect by paying some additional expenses 4. Waste Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Cost Accounting
Related Questions in this Topic
- Which of the following is not included in cost accounts ?
- Besides the management, __________ and __________ are also benefitted in many ways by installing a good cost accounting ...
- Which of the following items is not included in Cost Accounts ?
- Cost Accounting is mostly __________ in its approach.
- Statement I: Although the Law of supply and demand to a great extent determine the price of an article, cost to the prod...