Question
The main object of the audit of the cash book may be
________.Solution
The main objective of auditing the cash book is to ensure that all receipts and payments have been accurately and completely recorded. Auditing the cash book involves verifying the accuracy and completeness of cash transactions, ensuring that no errors or omissions have occurred in recording the financial activities related to cash inflows and outflows. This helps in establishing the reliability of the financial records and the internal control system in place for cash management.
- A wristwatch was sold for Rs. 720.80, making a gain of 20%. If the selling price had been Rs. 690 instead, what would have been the profit or loss percenta...
The cost price of two dozen bananas is Rs. 48 after selling 18 bananas at the rate of Rs. 18 per dozen, the shopkeeper reduced to rate of Rs. 12 per doz...
An item was purchased for Rs. 1,800. It was marked up by 35% and sold after providing a discount of Rs. 360. Find the profit percentage made on the tran...
A gold ring is sold for Rs.24,400 at a loss of 60%. What is the cost price of the gold ring?
Akash bought a sofa for Rs. 12500. After one year he sold it to Deepak at 12% less of his cost price. Deepak spends extra Rs. 500 for its repair. And of...
A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit o...
One article is sold at 16% profit while other is sold at 5% loss such that the difference between their selling prices is Rs. 126. If the cost price of ...
A seller marked an article 50% above its cost price and sold it after allowing 10% discount. If he made a profit of Rs. 56, then find the difference bet...
A reduction of 10% in the price of sugar enables a man to buy 5 kg more for RS 300. Find the reduced price per kg of sugar.
The cost price of article A and B is Rs. ‘X’ and Rs. (X + 750), respectively. Article A is sold at 20% profit while article B is sold at 10% loss. I...
Relevant for Exams:
