Multiple choice

Directions: Choose the correct option and complete the sentence.

Cost which is related to the current period as an expense or loss is called

  1. idle cost

  2. ordering cost

  3. carrying cost

  4. expired cost

  5. urgent cost
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An expired cost is a cost that has been consumed or used up during the current period to generate revenue. It is synonymous with an expense or a loss, as it no longer provides future economic benefit.

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