Identify the type of cost with reasons: 1.A company had paid 8,00,000 to a marketing research company to find expected demand of the newly developed product of the company 2.A company has invested 25,00,000 in a project. The company could have earned 3,00,000 by investing the amount in proper government securities. 3.Accountant of a cloth factory paid 25,000 for water which has been used for washing the clothes.
Identify the type of cost with reasons: 1.A company had paid 8,00,000 to a marketing research company to find expected demand of the newly developed product of the company 2.A company has invested 25,00,000 in a project. The company could have earned 3,00,000 by investing the amount in proper government securities. 3.Accountant of a cloth factory paid 25,000 for water which has been used for washing the clothes.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Identify the type of cost with reasons:
1.A company had paid 8,00,000 to a
2.A company has invested 25,00,000 in a project. The company could have earned 3,00,000 by investing the amount in proper government securities.
3.Accountant of a cloth factory paid 25,000 for water which has been used for washing the clothes.
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