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1. Differentiate
between idle cost and standard cost?
2. What is a trial
balance? Explain its objective.
3. Distinguish between
Accrual basis of accounting and cash basis of accounting.
4. Standard costing is
a valuable aid to management discuss. State in brief limitation of standard costing?
5. Define Budgetary
Control and explain the pre-requisites for its successful introduction and implementation?
6. How the total cost,
variable cost and marginal cost differ from each other?
7. What are the
advantages of cost audit?
8. Which are the
different ways by which the cost can be analyzed?
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