Question

5) Which of the following does not figure in the report by the cost auditor?
a) Fuel and power b) Raw materials c) Interest on debt
d) Process of manufacture​

Answer 1

Answer:

fuel and power gitam students

Answer 2

The process of manufacture does not get featured in the report by the cost auditor. (option d)

• Accounting books and other cost records are get managed by cost auditors.
• They take note of every record and check if those records are maintaining complience with the Cost Accounting standards proposed under the Act.
• The role of the cost auditor has been mentioned in Rule 2(b) within the Companies Act, 2013.
• Cost auditors must be selected by companies and must be approved by the board.
• The process of manufacturing companies does not concern cost auditors.
• Thus option d is correct.

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