Which are the two types of cost accounting systems?

Question

Quizplus · Accepted Answer

The two types of cost accounting systems are a job cost system and a process cost system. Option A is incorrect as production cost system is not a commonly used term. Option C is incorrect as job order cost system and manufacturing cost system are not two distinct types of cost accounting systems, rather job order cost system is a type of job cost system used in manufacturing companies. Option D is incorrect as query cost system is not a commonly used term in cost accounting.

Which Are the Two Types of Cost Accounting Systems