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Which of the following statements are true about management audit?

A. The management audit is made compulsory and statutory

B. Management audit is a programme of one year

C. Management audit cannot be conducted by an independent person

D. No time limit can be fixed for submission of the report under management audit

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above