A period cost is expensed directly to the statement of profit or loss in the period in which they occur.

Name: A period cost is expensed directly to the statement of profit or loss in the period in which they occur.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Period costs are not included in the cost of producing goods or services but are expensed directly to the statement of profit or loss in the period in which they occur, reflecting their nature as costs that do not directly relate to production activities.

A Period Cost Is Expensed Directly to the Statement of Profit