alleryStart learning →A job profitability report resembles which statement, but for one job?
ACash flow statement
BProfit and loss account
CFund flow statement
DStatement of equity
Answer & Solution
Correct answer: B. Profit and loss account
It matches revenue and costs for a single job number, just as a profit and loss account does for the firm.
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Related questions
Cost accounting is mainly concerned with information for whom?How does factory rent behave as output changes?Depreciation of factory equipment is classed as which overhead?How are indirect costs assigned to cost objects?Lubricants used to keep machines running are classed as what?Which of these is a direct material?Cost-plus pricing is uncommon in which kind of market?The markup in cost-plus pricing is meant to give what?