The cost that is subject to actual payment or will be paid for in future is called:
Explicit cost : This is subject to actual payment or will be paid in the future, example Actual payment made to buy land for expansion of the company instead of using the owner’s land.
355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.
Read the MCQ statement: The cost that is subject to actual payment or will be paid for in future is called: , 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. 177-179.