If profit is visible in self employment but labour time is not recorded which assessment is incomplete?
Answer and explanation
Correct answer: Real cost and profit assessment
Labour time can also be part of real cost. In exams connect profit calculation with labour input.
Frequently asked questions
What is the correct answer to this question?
Real cost and profit assessment
Why is this the correct answer?
Labour time can also be part of real cost. In exams connect profit calculation with labour input.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Life skills for livelihood.