Test Questions

  1. What you understand by process costing?
  2. What are the 4 essential aspects of process costing?
  3. Define the concept of process costing.
  4. What are the benefits of process costing?
  5. What are te features of process costing?
  6. Give a detailed explanationof process costing in various industries.
  7. Briefly explain the limitations of process costing.
  8. Name any 7 industries which use process costing.
  9. Differentiate and explain about process costing and job costing.
  10. When does abnormal loss or abnormal gain emerge?
  11. What can you understand by Normal loss?
  12. State the objectives of inter-process profit.
  13. How normal loss be treated in cost accounts?
  14. How can abnormal loss or abnormal gain be treated in cost accounts?

Test Questions in Process Costing 1

Test Questions in Process Costing 2

Submit Your Assignment