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

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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.

Deleted user
by Deleted user

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

Deleted user
by Deleted user

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 ..)

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