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Byju's Answer
Standard XII
Accountancy
Grouping of Items in Statement of Profit and Loss
is an implici...
Question

______ is an implicit cost of production.

A
Wages of the labour
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B
Charges for electricity
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C
Interest on owned money capital
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D
Payment for raw material
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Solution

The correct option is C Interest on owned money capital
Implicit cost is the cost of self supplied factors of production. Hence, interest on owned money capital is implicit cost.

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