Cost accumulation is ________.
A) the collection of cost data in some organized way by means of an accounting system
B) anything for which a cost measurement is desired
C) anything for which a profit measurement is desired
D) the collection of profit data in some organized way by means of an accounting system

Question

Quizplus · Accepted Answer

Cost accumulation refers to the process of collecting and organizing cost data in an accounting system. Option B refers to cost object and option C refers to profit measurement rather than cost accumulation. Option D refers to profit accumulation, which is not relevant to the question.

Cost Accumulation Is ________