Question

what do you men by cost adit ?explain its advantages​

Answer 1

Explanation:

Advantages of Cost Audit to the Government

It helps to ascertain whether any particular industry should be given any subsidy to develop that industry. It provides reliable data to the government for fixing up the selling prices of the various commodities. It helps in fixing contract prices in a cost-plus contract.

Answer 2

Answer:

A cost audit represents the verification of cost accounts and checking on the adherence to cost accounting plan. Cost audit ascertains the accuracy of cost accounting records to ensure that they are in conformity with cost accounting principles, plans, procedures and objectives. Advantages of Cost Audit to the Government

A cost audit represents the verification of cost accounts and checking on the adherence to cost accounting plan. Cost audit ascertains the accuracy of cost accounting records to ensure that they are in conformity with cost accounting principles, plans, procedures and objectives. Advantages of Cost Audit to the GovernmentIt helps to ascertain whether any particular industry should be given any subsidy to develop that industry. It provides reliable data to the government for fixing up the selling prices of the various commodities. It helps in fixing contract prices in a cost-plus contract.

Explanation:

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