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What are Accounting Costs?
3. What are Accounting Costs?
- Cost related to a certain production method.
- Costs that affect total profitability.
- Payments made in cash by entrepreneur
- Costs that cannot be sustained.
Answer: C) Payments made in cash by entrepreneur
Explanation:
Accounting cost is the recorded expense of action. A bookkeeping cost is recorded in the records of a business, so the expense shows up in an element's budget summaries.