Coercion mean forcibly compelling a person to enter into a contract, that is, the consent of the party is obtained by use of force or under a threat. According ...

Consent: The consent means an act of assenting to an offer. According to Section 13 of the Indian Contract Act, Two or more persons are said to consent when ...

The difference between Financial Audit, Cost Audit and Management Audit: Financial Audit. Main elements of Financial Audit are: It is an effort to ensure a ...

The management audit is an examination, scrutiny and appraisal of the plans, policies, objectives, means of operation and the use of physical facilities. This ...

Cost audit programme is a coordination of the work to be done, the work distributed among the audit staff and the time within which the assignment has to be ...

Advantages and Limitations of Cost Audit. Cost audit is the verification of correctness of cost accounts and of adherence to cost accounting plans. The primary ...

Difference between Cost Audit and Financial Audit: Accounts: Cost Audit is an audit of cost accounts, cost statements and cost accounting plan. Whereas, ...

Meaning of Cost Audit: Cost Audit is the specific application of auditing principles and procedures in the field of cost accounting. It has been defined by ...

The different methods of costing are classified according to the nature of operations. The main methods of ascertaining cost aJob costing, contract costing, ...

Management theorists observed the following needs for principles of management: Organization and management should be based on sound principles, principles ...