Which of the following is the social purpose of Cost Audit ?

CS Executive · Corporate and Management Accounting · PYQS · June 2022
Which of the following is the social purpose of Cost Audit ?
(A) Inculcation of cost consciousness
(B) Determination of inventory valuation
(C) Promoting corporate governance
(D) Improvement in productivity of human, physical and financial resources of the enterprise

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Management Accounting

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