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Subject - Accounting:

Financial Accounting

MCQ - 172-174

Question:

The main purpose of cost accounting is to

  1. Maximize profits
  2. Help in inventory valuation
  3. Provide information to management for decision making
  4. Help in inventory valuation

Correct Answer: C

Explanation:

The purpose of cost accounting is to provide information to the management. Management need to know cost per unit as a basis for valuing inventory and for decision making.

Record Performance

355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.

Read the MCQ statement: The main purpose of cost accounting is to , keenly and apply the method you have learn through the video lessons for Financial Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 172-174.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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