Work Book : Cost Accounting Chapter – 1 INTRODUCTION TO COSTING ACCOUNTING 1. Choose the correct answer: (i) Which of the following items is not included in preparation of Cost Sheet? (a) Carriage inward (b) Purchase returns (c) Sales commission (d) Interest paid (ii) Cost Control represents: (a) Efforts made towards achieving target or goal (b) the achievement in reduction of cost (c) existence of concealed potential savings in standards or norms (d) a corrective function Answer: 1. (i) (d) (ii) (a) 2. Match the following: Answer: 3. True or false: 1. Cost centre is a location, person or item of equipment for which cost may be ascertained. A Automobile Accounts Handled B ...