What are Accounting Costs?

3. What are Accounting Costs?

  1. Cost related to a certain production method.
  2. Costs that affect total profitability.
  3. Payments made in cash by entrepreneur
  4. 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.

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