Question
The Audit undertaken to check the implications of the
top management decisions, having a financial bearing is otherwise known as:Solution
Propriety Audit is also known as Compliance Audit or Financial Audit. It focuses on reviewing and evaluating the financial decisions and actions of the top management to ensure that they comply with established laws, regulations, and internal policies. The primary objective of a Propriety Audit is to assess the propriety, legality, and financial prudence of the management's decisions and expenditures. It aims to ensure that the financial transactions and operations are conducted in a responsible and appropriate manner, with proper authorization and adherence to relevant rules and procedures.
 Which of the following ratios is very important to assess the eligibility of a borrower for a Term Loan?
Which of the following statement is true regarding standard costing?
A firm reports the following: Sales = ₹40,00,000; Cost of Goods Sold = ₹28,00,000; Inventory = ₹7,00,000. What is the Inventory Turnover Ratio?
A company’s current ratio is 1.5:1 and current liabilities are ₹4,00,000. What are its current assets?
Match the following:
A) Herzberg P) Need Theory
B) McClelland Q) Expectancy Theory
C) McGregor R) Motivation Hygiene Theory
...
If net income is ₹10 lakh and number of equity shares is 2 lakh, what is the EPS?
GH Ltd took a term loan of Rs.24 crore for a period of 20 years to be repaid in equal annual instalments. The interest is 10% p.a. on reducing balance. ...
Under which of the following head will repayment of loan be shown in a cash flow statement?
A company has the following details for the year:
• Net Income = ₹12,00,000
• Preferred Dividends = ₹1,00,000
• Outstandi...
Match the following Ratios
A)    Overall profitability ratio                      1) Gearing Ratio
B)    �...
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