Costs recognised in particular situations but not incorporated in financial accounting records are:
A)imputed costs.
B)cash accounting costs.
C)opportunity costs.
D)None of these answers are correct.

Question

Quizplus · Accepted Answer

Imputed costs are costs that are not actually paid out in cash, but are recognized as if they had been. These costs are often used to account for the use of company resources or the cost of forgoing other potential opportunities. They are not typically recorded in financial accounting records.

Costs Recognised in Particular Situations but Not Incorporated in Financial