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Accounting MCQs / Q&A

Direct cost incurred can be identified with_______________?

Direct cost incurred can be identified with_______________? A. Each DepartmentB. Each unit of output C. Each Month D. Each Executive Direct cost incurred can be identified with each unit of output. Direct costs (such as for labor, material, fuel or power) vary with the rate of output but are uniform for each unit of production,…

IFRS 9 explains about?

IFRS 9 explains about?A. Inventory B. Accounts Payable C. Accounts Receivable D. Expenses IFRS 9 is an International Financial Reporting Standard (IFRS) published by the International Accounting Standards Board (IASB). It addresses the accounting for financial instruments.