Auditing · Cost Audit
Match LIST-I with LIST-II: LIST-I (Stakeholder) A. Statutory Auditor B. Labour C. Cost Accountant D. Government and Economy LIST-II (Advantage of Cost Audit) I. Helps in settling accounts in cost-plus contracts II. Assists in determining the value of stocks and remuneration of managerial personnel III. Assists in easier reconciliation of cost and financial accounts IV. Highlights the role in improving efficiency and emphasizes increased productivity Choose the correct answer from the options given below:
- 1A-II, B-I, C-IV, D-III
- 2A-IV, B-III, C-II, D-I
- 3A-II, B-IV, C-III, D-I✓
- 4A-III, B-II, C-IV, D-I
Correct answer
A-II, B-IV, C-III, D-I
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