What problem may occur if cost is not recorded in an enterprise?
Answer and explanation
Correct answer: It will be difficult to understand profit loss and pricing
Cost records are necessary for business decisions. In exams connect record keeping with enterprise planning.
Frequently asked questions
What is the correct answer to this question?
It will be difficult to understand profit loss and pricing
Why is this the correct answer?
Cost records are necessary for business decisions. In exams connect record keeping with enterprise planning.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Work, careers and livelihood.