Which of the following costs would not be accounted for in a company's recordkeeping system?
A)an unexpired cost
B)an expired cost
C)a product cost
D)an opportunity cost

Name: Which of the following costs would not be accounted for in a company's recordkeeping system? A)an unexpired cost B)an expired cost C)a product cost D)an opportunity cost
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Question

Quizplus · Accepted Answer

Opportunity cost is a theoretical cost and cannot be recorded in a company's recordkeeping system as it does not involve any actual expenses or cash flows.

Which of the Following Costs Would Not Be Accounted for in a Company's