by: Admin_LouisPosted on:

_________ accounting system does not consider the cost constant at every time because the prices of a commodity change with time due to inflation and decline in the purchasing power of money.

_________ accounting system does not consider the cost constant at every time because the prices of a commodity change with time due to inflation and decline in the purchasing power of money.
Commodity
Constant
Social
Inflation

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  1. _________ is the cost of formulating the policy, directing the organization and controlling the operations of an undertaking which is not related directly to a production, selling, distribution, research or development activity or function
  2. The following are examples of fixed cost except
  3. _______ indicates what percentage of sales is generated as operating profit
  4. Accounting ratio serves as a means of________ financial information.

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