Introduction to Opening and closing stocks cost audit program
1. The Cost Auditor will see, inter alia that is as follow:
(a) That the opening stock is not excessively large compared with the volume of production throughout the year;
(b) That the opening stock against several jobs does really stand for the actual physical stock in the production shop and is not just an accounting figure;
(c) That the accountability of the Shop-foreman in charge of the stock held in the production shop is properly and clear documented; that he preserves proper record of actual consumption vis a-vis the actual withdrawal from the stock.
2. Correct indication and valuation of closing stock in the Trading and Profit and Loss Account and in Balance Sheet is significant. The Cost Auditor will observe and certify inter alia:
(a) That the physical verification is correctly performed;
(b) That the valuation is right with reference to actual cost of production and recognised policy for valuation;
(c) That the volume of closing stock is equal with the volume of production and that it does not imitate any failure or bottleneck in Sales Budget or Production Budget.
(d) That the volume of unmoved stores is not abnormal in comparison along with the normal rate of annual consumption. The Cost Auditor will propose disposal of such type of unmoved stores with subsequent release of capital not necessarily locked up to the benefits of the financial resources of the concern.
Latest technology based Cost Accounting Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Opening and Closing Stocks homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Opening and Closing Stocks, project ideas and tutorials. We provide email based Opening and Closing Stocks homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Opening and Closing Stocks. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Cost Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the cost accounting assignments, which may help you to solve your complex issues of Opening and Closing Stocks. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
Plant anatomy (Ana = as under, tamnein = to cut) is the learning of inner structure and organization of plants, particularly of their parts by the source of dissection and microscopic examination.
www.tutorsglobe.com offers alkylation of enolate anions homework help, assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
tutorsglobe.com nervous system assignment help-homework help by online co-ordination systems tutors
tutorsglobe.com cash budgeting assignment help-homework help by online tools of financial analysis tutors
tutorsglobe.com oxidation of sulphur compounds assignment help-homework help by online sulphur cycle tutors
fertilization and cleavage formation in animals tutorial all along with the key concepts of types of fertilization, aquatic animals with external fertilization, mammals and internal fertilization, external fertilization, sea urchin, internal fertilization and frog and zebrafish eggs
Theory and lecture notes of One Shot Game all along with the key concepts of one shot game, Strategic Form, Eliminating Dominated Strategies. Tutorsglobe offers homework help, assignment help and tutor’s assistance on One Shot Game.
Common Emitter-Common Base-Common Collector Amplifiers tutorial all along with the key concepts of low frequencies small-signal characteristics, input impedance, voltage gain, emitter degeneration, grounded-base amplifier, Ultra High Frequency range
electrically there is no variation among steam irons and dry irons. a steam iron comprises a small reservoir mounted over the heating element.
www.tutorsglobe.com offers various phases of sdlc homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
Polymer Chemistry I tutorial all along with the key concepts of PVC molecule, Properties of Macromolecules, complex molecules
tutorsglobe.com performance budgeting assignment help-homework help by online budget tutors
tutorsglobe.com mode of nutrition assignment help-homework help by online plant physiology tutors
Local Oscillator should generate an oscillator frequency that should be equivalent to the sum of RF and IF (Fo = Fs + IF). It is known as tracking.
tutorsglobe.com spleen assignment help-homework help by online peripheral lymphoid organs tutors
1947762
Questions Asked
3689
Tutors
1461299
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!