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प्रश्न
Explain the following:
Notional or imputed cost.
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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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संबंधित प्रश्न
Give one difference between money cost and real cost.
Distinguish between implicit costs and explicit costs.
Give one difference between normal cost and abnormal cost.
Give one difference between product cost and period cost.
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State one difference between Historical costs and Predetermined costs.
Write short notes on opportunity costs.
Explain the following with an example:
opportunity cost.
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Explain the following:
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