Maintenance of cost records relating to the utilisation of materials, labour and other items of cost, in the manner as prescribed by specified class of companies engaged in the ________.

CS Executive · Cost and Management Accounting · PYQS · June 2019
Maintenance of cost records relating to the utilisation of materials, labour and other items of cost, in the manner as prescribed by specified class of companies engaged in the ________.
(A) Production of goods only
(B) Providing services only
(C) Production of such goods and providing such services as may be prescribed
(D) Production of such goods or providing such services as may be prescribed

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Cost Audit

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