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Monday, 15 June 2026
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Which cost is ignored in accounting records often?

Which cost is ignored in accounting records often?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Electricity payment cost
  • B Transportation expenses
  • C Direct labour expense
  • D Implicit opportunity cost
Correct Answer: Option D
Explanation:
Implicit costs do not involve actual cash payments, so they may not appear in accounting statements.

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