Class 12 Accounting Cost Concepts and Classification Notes and Important Questions
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Important Questions
Write the meaning of variable cost with examples.
Define Variable cost.
Define Semi-variable cost.
Mention any two differences between direct cost and indirect cost.
Differentiate between cost accountancy and costing.
Differentiate between fixed and variable cost.
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This page covers Cost Concepts and Classification, chapter 8 of 15 in the Class 12 Accounting syllabus set by the National Examination Board (NEB). 7 important questions for this chapter are available, each with a full solution.
For subjects like this one, examiners tend to reuse similar question patterns year to year — comparing this chapter's important questions against recent old NEB papers is one of the more efficient ways to revise.