The verification of the correctness of cost accounts and of adherence to the cost accounting plan is known as

Related MCQs

• Cost audit is the verification of the correctness of cost accounts and adherence to the cost accounting plan. This concept is given by
• Cost audit is a verification of cost records to estimate the ________ efficiency of a business.
• The audit of financial records to ascertain the correctness of taxable profits means
• Errors occurring when generally accepted accounting principles are not observed while recording any transaction in the books of accounts
• Who is responsible for the verification of assets?
• The Cost auditor is concerned mainly with accounts related to
• The process of substantiation of assets and liabilities recorded in the books of accounts by physical inspection and examination of legal and official documents to form and expert opinion
• Under the Companies Act, 2013 a cost auditor must be a cost accountant having certificate of practice issued by the institute of Cost Accountants of India as per
• The examination of documentary evidence in support of transactions contained in the books of accounts is referred to as
• An arrangement of accounting routine that errors and frauds are automatically prevented or discovered by the very operation of bookkeeping itself is called