Question
The average expenditure of a man for the first 4 month
is Rs.4000 and for the next 8 months is Rs.6000. If he saves 11000 in that year then find his average monthly income.Solution
Total expenditure in first 4 months = 4 × 4000 = Rs.16000 Total expenditure in last 8 month = 8 × 6000 = Rs.48000 Total income of the man in a year = 16000 + 48000 + 11000 = Rs.75000 So average income in a month = 75000/12 = Rs. 6250
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?
