14 Financial statements includes ed Select one: out of a. Position statement and Income Statement O b. Bank reconciliation statement g question O c. Income statement and Statement of cost O d. Balance Sheet and Statement of cost on 15 Standard costing is a cost control method. et red Select one: ed out of O True ag question False mtion 16 yet A budget that adjusts to the changes in volume of production or output is called production budget. wered Select one ked out of O True False Flag question con 17 Depreciation is provided on t red Select one: d out of o a. Fictitious Assets O b. Current Assets ag question c. Fixed assets O d. Intangible Assets