___________is the cost that is incurred at the time of making transaction.
It is the cost which is incurred at the time of entering into the transaction. This cost is verifiable through invoices/agreements. Historical cost is an actual cost that is borne at the time of purchase.
355 MCQ for effective preparation of the test of Cost and Management Accounting of Accounting section.
Read the MCQ statement: ___________is the cost that is incurred at the time of making transaction. , keenly and apply the method you have learn through the video lessons for Cost and Management Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 183-185.