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On the basis of “Relationship with accounting period” costs are classified as

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Question:

On the basis of “Relationship with accounting period” costs are classified as

A.

Historical Costs and Pre-determined Costs.

B.

Capital Costs and Commercial Costs.

C.

Capital Costs and Revenue Costs.

D.

Product Costs and Period Costs

Answer» c. Capital Costs and Revenue Costs.

Note: The above multiple-choice question is for all general and Competitive Exams in India.