Which of the following is not an objectives of the Cost Accounting Standards, which has been issued by the Institute of Cost and Works Accountants of India ?

CS Executive · Cost and Management Accounting · PYQS · June 2018
Which of the following is not an objectives of the Cost Accounting Standards, which has been issued by the Institute of Cost and Works Accountants of India ?
(A) Provide better guidelines on standard cost accounting practices.
(B) Enable the comparability of Financial statements and improve reliability and usefulness of Financial statements.
(C) Assist cost accountants in preparation of uniform costs statements.
(D) Help Indian industry and the Government towards better cost management.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Cost and Management Accounting

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