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Explain the following: Notional or imputed cost. - Commercial Applications

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प्रश्न

Explain the following:

Notional or imputed cost.

एक पंक्ति में उत्तर

उत्तर

Notional or Imputed cost means the cost which is not incurred and which involves no cash outlay but is useful in decision-making. Interest on capital is an example of a notional cost.

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Controllable and Uncontrollable Costs
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 8: Fundamental Concepts of Cost - QUESTION BANK [पृष्ठ १४०]

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गोयल ब्रदर्स प्रकाशन Commercial Applications [English] Class 10 ICSE
अध्याय 8 Fundamental Concepts of Cost
QUESTION BANK | Q 9. (v) | पृष्ठ १४०
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