Question

Which of the following is the social purpose of Cost
Audit?​

Answer 1

Answer:

The cost audit has certain well-defined social objectives, which are as follows:

1. Protection of the interest of the investors and other shareholders.

2. Efficient utilization of resources.

3. Ensuring quality of the functioning of the corporate management.

4. Overall improvement in the socioeconomic structure.

Explanation:

this is it

Answer 2

Answer:

Explanation:

The social purpose of Cost Audit:

1) Cost audit helps in fixing the reasonable prices for the good and services  dealt by an organisation.

2) Cost audit help in managing and recording the revenue and expenses and proper utilization of the funds .

3) Optimum utilization of resources, time etc.

4) It helps in correction of proper accounts.