Question
The average expenditure of a man for the first five
month is Rs.14000 and for the next seven months is Rs.12000. If he saves 17000 in that year then find his average monthly income.Solution
Total expenditure in first 5 months = 14000 × 5 = Rs.70000 Total expenditure in last 7 month = 12000 × 7 = Rs.84000 Total income of the man in a year = 70000 + 84000 + 17000 = Rs.171000 His average income in a month = 171000/12 = Rs. 14250
Which of the following is NOT part of auditor’s understanding of the entity and its environment under SA 315?
Which of the following financial statements can be prepared using a receipt and payment account?
Which of the following is NOT a key element of an independent auditor’s report under SA 700?
During a statutory audit, the auditor discovers a pattern of journal entries posted near year-end reversing shortly after year-end that inflate reported...
Vouching primarily relates to:
Internal auditor is removed and appointed by which among the following?
Which of the following provides the most reliable audit evidence?
Which of the following is NOT a type of audit opinion as per SA 700?
Internal check is a part of the:
Why must auditors obtain an understanding of internal control even if they do not intend to rely on it?
