[amp_mcq option1=”the financial position” option2=”profit\/loss of a product, job or service” option3=”effect and impact of cost on business” option4=”None of these” correct=”option3″]<\/p>\n
The correct answer is C. Cost accounting discloses the effect and impact of cost on business.<\/p>\n
Cost accounting is a branch of accounting that focuses on the measurement, analysis, and reporting of costs. It is used to help businesses make informed decisions about pricing, production, and other areas.<\/p>\n
Cost accounting can be used to track the costs of individual products, services, or jobs. It can also be used to track the costs of different departments or activities within a business.<\/p>\n
Cost accounting can provide businesses with valuable information about their costs. This information can be used to improve efficiency, reduce costs, and make better decisions about pricing and production.<\/p>\n
Option A is incorrect because cost accounting does not disclose the financial position of a business. This information is typically found in the financial statements of a business.<\/p>\n
Option B is incorrect because cost accounting does not disclose the profit or loss of a product, job, or service. This information is typically found in the income statement of a business.<\/p>\n
Option D is incorrect because cost accounting does disclose the effect and impact of cost on business. This is one of the main purposes of cost accounting.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”the financial position” option2=”profit\/loss of a product, job or service” option3=”effect and impact of cost on business” option4=”None of these” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-58633","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"\n