Product and Period Costs Quiz
Test your knowledge of double entry bookkeeping with our product and period costs quiz. This quiz tests if you know whether a cost is normally classified as a product cost or a period cost.
Product costs are costs which a business incurs in producing a product, they become part of the inventory cost in the balance sheet until the product is sold. Period costs are any costs which are not product costs. If you need a refresher course on this topic take a look at our product and period costs tutorial.
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Try Another Double Entry Bookkeeping Quiz
The product and period costs quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.
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