Ca final mcq number 890 sir in types of cost audit cost audit on behalf of society is not covered so should have been option a but the answer has been printed as option d

Questions › Category: CA-Final Cost Audit › Ca final mcq number 890 sir in types of cost audit cost audit on behalf of society is not covered so should have been option a but the answer has been printed as option d

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Rohit Agrawal asked 5 years ago

7 Answers

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Ravi Staff answered 5 years ago

question is regarding what is “Not” a type

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Rohit Agrawal answered 5 years ago

so cost audit on behalf of society is also considered as type of audit or not please clarify sir and thn option d would be correct

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Rohit Agrawal answered 5 years ago

sorry sir at the cost of sounding repetative i am unable to understand the mcq 890 properly can u please explain and clarify the same

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Ravi Staff answered 5 years ago

please ignore last post, it was for some other query

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Ravi Staff answered 5 years ago

https://resource.cdn.icai.org/44600bos34430smcp16.pdf
above pdf was used for making this MCQ, we can see that Cost Audit for Society is not a type of cost audit but yes society has advantages from cost audit
Cost Audit can be ordered voluntarily by management
or Ordered by Customer who will pay on cost + profit basis
or made mandatory by government
society does not have power to order or conduct cost audit

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