How is profit is ascertained under absorption costing?

Q.  Under absorption costing, profit is ascertained
- Published on 03 Sep 15

a. On the basis of difference between sales and total cost
b. By computation as per desired rate of profit on sales or cost
c. Both a and b
d. None of the above

ANSWER: Both a and b

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲