Cost Accounting Records & Cost Audit under the Companies Act, 2013 – Corporate and Management Accounting MCQ

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Cost Accounting Records & Cost Audit under the Companies Act, 2013 – Corporate and Management Accounting MCQ

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June 2019: _____is concerned with historical records, while is concerned with historical cost with pre-determined cost.

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June 2019: Principles to determine production overheads relates to:

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June 2019: Which is not a social purpose of cost audit?

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June 2019: ‘Cost-benefit analysis’ falls under:

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June 2019: Every cost auditor, who conducts an audit of the cost records of a company, shall submit a report in:

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June 2019: Maintenance of cost records relating to the utilization of materials, labor, and other items of cost, in the manner as prescribed by specified class of companies engaged in the:

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Dec 2018: Which of the following Cost Accounting Standards (CAS) is related to “Depreciation and Amortization”?

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Dec 2018: Cost Audit as per the direction of the Central Government shall be conducted by:

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Dec 2018: The Cost Accounting Standard (CAS) concerned with quality control cost is:

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Dec 2018: Remuneration of cost auditor is to be determined in accordance with provisions of:

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Dec 2018: Which of the following Sections of the Companies Act, 2013 deals with the audit of Cost Accounting Records?

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June 2018: Which of the following is not an objective of the Cost Accounting Standards issued by the Institute of Cost and Works Accountants of India?

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June 2018: Which of the following is not a Statistical technique of Cost Audit?

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June 2018: Every cost auditor shall forward his duly signed report to the board of directors of the company within a period from the closure of the financial year to which the report relates.

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June 2018: Which of the following statement is not correct?

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June 2018: Every cost auditor, shall submit the cost audit report along with his or its reservation or qualification or suggestions, if any, in the form:

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Dec 2017: Non-compliance of which attribute of financial statements makes a company, besides invoking penalties, impairs the confidence of the public investors:

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Dec 2017: Profitability and productivity measurement technique used by cost auditor while doing cost audit is categorized under:

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Dec 2017: Section 148 of the Companies Act, 2013 gives:

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Dec 2017: Every PSU company, within a period of 30 days from the date of receipt of cost audit report, furnish to the Central Government with such report full explanation on every reservation or qualification contained in the report in:

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Dec 2017: The social purpose of cost audit is:

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Dec 2017: A PSU company shall within 30 days from the date of receipt of the report of the cost auditor furnish an explanation on every reservation or qualification contained therein to:

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Dec 2017: Practical difficulty in the installation of a costing system is:

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Dec 2017: Management Accounting and Cost Accounting are to each other.

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June 2017: A good costing system gives equal emphasis on cost ascertainment and cost

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June 2017: The branch of accoun¬ting which primarily deals with processing and accounting data for internal use in concern is:

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June 2017: Cost accounting differs from financial accounting in respect of:

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June 2017: The chief objective of cost accounting is to:

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Dec 2016: Which one is NOT the objective of Cost Accounting Standards?

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June 2016: Which one of the following is not a statistical technique of cost audit —

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June 2016: Which one is not the objective of Cost Accounting Standards

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June 2016: Section of the Companies Act, 2013 gives the cost auditor the same power as the financial auditor has under the section of the Companies Act, 2013.

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June 2016: Cost Accounting Standard is related to bringing uniformity and consistency in the principles and methods of determining the selling and distribution overheads with reasonable accuracy.

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Dec 2015: The functions of a cost auditor involve___

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June 2015: Which of the following is an objective to be achieved through Cost Accounting Standards –

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June 2015: Which section of the Companies Act, 2013 deals with an audit of cost accounting records –

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June 2015: The objective of CAS-1 is

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