Question
During the audit of ABC Ltd., the auditor identifies
that a major debtor who owed ₹2 crore has declared bankruptcy post year-end but before signing of the audit report. What should the auditor do?Solution
This is an “adjusting event” under AS-4 (or Ind AS 10), as the condition existed at the balance sheet date and needs to be reflected in the financials.
Each question is divided into four parts a,b,c,d. In some questions they are not in the sequence so according to grammar and context re- arrangement is...
Given below are five sentences, each of which has been jumbled up in an order which makes the text incoherent. Mark the option which gives the meaningf...
Sindbad then narrated
P. heap up enormous wealth
Q. through which he could
R. his various adventurous trips
heat battered Europe(P) the world over the week(Q) and other parts of (R) Wildfires and scorching (S).
A. I caught a snake once.
B. That well is full of snakes.
C. I caught it by its tail and dropped it in the old well.
D. Whenever ...
1. He could have introduced
P. human rights and corrected
Q. more reforms, expanded
R. government, which contributed to
S. t...
Given below are four jumbled sentences. Pick the option that gives their correct order.
A: They say that Jupiter punished him so, because he w...
A. axe at his feet, spat angrily, and,
B. the woman flung down an
C. her lips, began to scold him
D. it with his axe cautiously
Below are given a few sentences with their parts jumbled in a random order. Below the sentences are given possible rearrangements of the parts. You nee...
Given below are four jumbled sentences. Pick the option that gives their correct order.
A: Suddenly she saw a child begging on the platform. <...
