Question
Which agricultural practice involves growing different
crops in a specific sequence on the same piece of land to enhance soil fertility and control pests and diseases?Solution
The correct answer is C) Crop Rotation. Crop rotation is an agricultural practice that involves growing different crops in a specific sequence on the same piece of land over time. This practice helps enhance soil fertility, control pests and diseases, and maintain the overall health of the soil. Monoculture refers to the cultivation of a single type of crop on a given piece of land. Polyculture involves growing multiple crops simultaneously on the same piece of land. Intercropping is a method of growing two or more crops together in close proximity.
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 ...
