In accounting, the cost incurred in past or in historical financial statements is classified as Options: A . &nbspactual cost B . &nbspbudgeted cost C . &nbsppast cost D . &nbspincurred cost

In accounting, the cost incurred in past or in historical financial statements i

Question

In accounting, the cost incurred in past or in historical financial statements is classified as

Options:

A . actual cost

B . budgeted cost

C . past cost

D . incurred cost

Answer: Option A
Answer: (a).actual cost

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