_______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
Audit evidence is the information and documentation gathered by an auditor during the audit process to support their conclusions and opinions regarding the accuracy and compliance of a company's financial statements. It includes various forms of evidence, such as financial records, invoices, bank statements, contracts, and other relevant documents. The auditor carefully examines and evaluates this evidence to form a reasonable basis for their audit findings and opinions. Audit evidence plays a crucial role in providing assurance and credibility to the financial statements and ensuring the overall integrity of the auditing process.
A shopkeeper sold an article at a discount of 14%. If he had given a discount of 9% in place of 14%, then he would have earned Rs. 108 more. If the cost...
A shopkeeper marks up an item by 25%. If he increases the discount from 11% to 15%, the profit will decrease by Rs. 90. Find the selling price of...
A person sold his goods after announcing two successive discounts of 32% each. The effective discount altogether is
On a particular day each of Danny. Edwin and Fahim sold three types of pens from their respective shops. As a coincidence, each of them sold an identica...
A shopkeeper purchased an article for Rs. lsquo;arsquo; and marked it 160% above its cost price and sold it after giving two successive discounts of 350...
Jagat Singh sold an article for ₹6,000 and incurred a loss. Had be sold it for ₹7,400, his profit would have been 2/3 of the amount of loss that he...
A, B and C enter into a partnership, A invest 6X + 15000, B invest 3X + 1000 and C invest X + 8000 for one year if B share is 4000 from total profit of ...
A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 600 gm for the kg weight. Find his gain per cent.
A shopkeeper marked an article 40% above its cost price and made a profit of Rs. 80 when he sold the article after giving a discount of 25%. Find the pr...
A shopkeeper acquires 24 pens at Rs. 900 each and 12 geometry boxes at Rs. 300 each. Later, he sells 2 pens to each of the 12 students, presenting them ...