Perpetual Inventory System
In a perpetual inventory system, companies keep detailed records of the cost of each inventory purchase and sale. These records continuously—perpetually—show the
Read moreMonth: January 2017
Standard Cost and Standard Costing
Standard cost is a predetermined cost. It is a determination in advance of production, of what should be that cost.
Read moreAdvantages of Cost Audit
The following are the main advantages of cost audit to management, cost accountant, shareholders, taxpayers, government and consumers: Cost audit
Read moreTypes of Cost Audit
The following are the main types of cost audit: Cost Audit to Assist The main object of this types of
Read moreDefinition of Cost Audit
Cost audit has been defined by the Chartered Institute of Management Accountants, London as “the verification of cost accounts and
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