Accounting · Cost Audit
The cost audit is important for management because: A. It helps in determination and allocation of cost of product. B. It helps to identify wastage, inconsistency, and irregularity in production. C. It helps in proper valuation of inventory. D. It facilitates settlement of industrial disputes. E. It serves as a basis to charge tax on the cost of finished goods. Choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A and E Only
- 2B, C and D Only
- 3A, B and C Only✓
- 4A, C and E Only
Correct answer
A, B and C Only
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