Statement-I : The activities or operations of every cost centre should be homogeneous so as to ensure uniform basis of charging expenses within the centre. Statement-II : The activities or operation of each cost centre m

CS Executive · Cost and Management Accounting · PYQS · December 2015
Statement-I : The activities or operations of every cost centre should be homogeneous so as to ensure uniform basis of charging expenses within the centre. Statement-II : The activities or operation of each cost centre must be well defined and clearly identifiable. Select the correct answer from the options given below —
(A) Both statements are correct
(B) Both statements are incorrect
(C) Statement-I is correct, but Statement-II is incorrect
(D) Statement-I is incorrect, but Statement-II is correct.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Cost Accounting

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