5 Questions
What is the significance of the phrase 'Generally Accepted Cost Accounting Principles and Practices' (GACAP)?
It formed the title of the document codifying cost accounting standards
What is the purpose of the Cost Accounting Standard - 4 (CAS-4)?
To codify and standardize cost accounting principles for determination of cost of production
What did the ministry of Corporate affairs decide to implement based on the recommendation of Expert Group?
Companies rules, 2011
What is the objective of the document codifying GACAP?
Development of Cost Accounting Standards (CAS)
What is the culmination of the developments in the practice of cost accounting in India?
The codification of GACAP in a single volume
Test your knowledge of Cost Accounting Standard - 4 (CAS-4) with this quiz. Challenge yourself with questions on the determination of cost of production for manufactured goods used for captive consumption and the principles of cost accounting.
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