Doubt in cost accounting

IPCC 734 views 3 replies

Can someone please tell me why do we record or takein to considration NOTION EXPENSES in costing ?

what is the purpose/logic behind it ?

thanks in advance...

Replies (3)
are u asking abt opportunity cost...be clear in ur question?

YA SOME TIME WE ALSO CONSIDER NOTIONAL EXPENSES FOR PROFORMANCE APPARISAL OF PROJECT

Cost is basis of decision. So to compare with alterntvs we include n.exp.


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