Question
Each question contains a statement followed by Quantity
I and II. Read the information clearly and answer your questions accordingly.  Quantity I : The average age of 8 members of a family is 26 yrs. When the age of their family doctor is included, the average becomes 28 yrs. Find the age of the family doctor.  Quantity II: The average age of 11 players of a team is 24 yrs. When the age of their coach is included, the average becomes 25 yrs. Find the age of the coach.         ÂSolution
Quantity I : Total ages of 8 members = 26 × 8 = 208 years. Total ages when family doctor is included = 28 × 9 = 252 years. ∴ Age of family doctor = 252 -208 = 44 years. Quantity II : Total ages of 11 players = 24 × 11 = 264 years. Total ages when their coach is included = 25 × 12 = 300 years. ∴ Age of coach = 300 -264 = 36 years.
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?
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