Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

A benefit foregone is an _ cost. Hint ::: NTYIPUOOTPR?

user-image
Question added by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date Posted: 2015/08/03
Md. Moshiur Rahman Sumon
by Md. Moshiur Rahman Sumon , Assistant General Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited

When any ascertained and significance  amount has been invested or decision has already made to considering the other benefit be left is called opportunity cost.

Hence foregone benefit is called opportunity cost.

opportunity ............cost..............................................

OPPORTUNITY COST IS THE ANSWER

Ahmer Zamir
by Ahmer Zamir , Consultant , Saleem Associates & Co

The Correct option is the Opportunity Cost

Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

OPPORTUNITY COST...........

Joseph Bukenya
by Joseph Bukenya , Accountant , Uganda NCD Alliance

 

A benefit that can be reliably measurable and contains an economic benefit to the business should be recognized in the books of accounts (IAS20, IAS18, IAS37 ..)

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.