Question
Choose the correct statements: (A) Naphtha is a
fraction of petroleum. (B) Percolation is downward movement of water through soil. (C) Highly concentrated and widely used nitrogenous fertilizer is urea. (D) Ammonia volatilization highest with urea. (E) Soil formed from basic rocks are more fertile. Choose the correct answer from the options given below:Solution
Statement (E) is incorrect because soil fertility is influenced by various factors, and it's not accurate to generalize that soil formed from basic rocks is always more fertile.
Which of the following is NOT part of auditor’s understanding of the entity and its environment under SA 315?
……… is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsib...
Which of the following deductions is/are available as deduction from income under both the old and new tax regime of Income Tax?
An auditor identifies a significant risk around revenue cut-off due to manual end-period adjustments and complex multi-element contracts. The client pro...
An auditor finds material misstatements due to fraud but the management refuses to take corrective action. What should be the auditor’s next step?
‘Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of:
The scope of internal audit is decided by the :
Vouching primarily relates to:
Which of the following provides the most reliable audit evidence?
An auditor concludes financial statements give a true and fair view, except that inventory of Rs. 50 lakh was not physically verified due to management ...
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