Accountancy, asked by dayandayan7115, 1 year ago

Short note on explicit cost in cost accounting

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Answered by vishesh42
0
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Answered by Anonymous
2

Explanation:

An explicit cost is a direct payment made to others in the course of running a business, such as wage, rent and materials, as opposed to implicit costs, where no actual payment is made. ... Explicit costs are taken into account along with implicit ones when considering economic

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