________ refers to the verification of cost accounts and check on the adherence to the cost accounting plan.
A. Cost Audit
B. Costcentre
C. Costunit
D. Costprofit
Answer: Option A
Solution(By Examveda Team)
Cost Audit refers to the verification of cost accounts and check on the adherence to the cost accounting plan. Cost Audit represents the verification of cost accounts and check on the adherence to cost accounting plan.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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