A-LevelAccountingTraditional costing methods9706/12 · Oct/Nov 2014 · Q271 Mark

What is the purpose of cost accounting?

Ato aid decision-making

Bto calculate the value of non-current assets

Cto give a true and fair view of a company's financial situation

Dto value the contribution made by a firm's workforce

✓ Correct answer

A: to aid decision-making

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Topic: Traditional costing methods, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2014 Paper 1 Variant 2, question 27.

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