Statutory cost audit is applicable only to ........

Costing - Phase (I & II) Overview of Cost and Management Accounting

Download Solution PDF

Statutory cost audit is applicable only to:

Firm

Company

Individual

Society

छोटे Courses बड़े Results

Master Overview of Cost and Management Accounting

Prepare through Micro-courses

Try Now

Explanation:

As per Section 148 of The Companies Act, 2013 read with Companies (Cost Records and Audit) Rules, 2014, Companies engaged in the production of goods or providing services specified in Table A-regulated sector and Table-B -non regulated sectors, having annual turnover of Rs. 50 crores or more and 100 crores or more in preceding financial year respectively, are required to have cost audit compulsorily.