Question

is a measurement in monetary terms of the amount of resources used for some purpose". A) Revenue Expenditure O B) Expenses O c) Value O D) Cost​

Answer 1

Answer:

D) cost is a measurement in monetary terms of the amount of resources used for some purpose".

Answer 2

Answer:

is a measurement in monetary terms of the amount of resources used for some purpose- D) Cost

• Cost is a monetary measure of the amount of resources used to produce a good or provide a service .
• The production of goods or the provision of services entails the consumption of resources .
• In accounting , the term cost to refer to the monetary value of raw materials , equipment , materials , services , labor , products , etc .
• The amount recorded as an expense in accounting .

Explanation for incorrect :

A) Revenue Expenditure :Income expenses are short-term expenses that are used in the current period or , as a rule , within one year .

• Selling costs is essentially the same as operating expenses ( OPEX ) in that they include expenses necessary to meet the company's current operating expenses .

B) Expenses : Costs are operating expenses that a business incurs to generate revenue. Businesses can waive tax-free expenses when filing tax returns if they meet IRS requirements.

c) Value:From an accounting perspective , value is the monetary value of an asset , business unit , goods sold , services rendered , or liabilities or liabilities assumed .

From an economic point of view , value is the sum of all the benefits and rights associated with ownership .

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