Question
There are 15 numbers such that average of first 12
numbers is 20 while the average of last five numbers is 40. Find the 12th number, if the ratio between 11th and 12th number is 9:7, respectively.Solution
Sum of first 12 numbers = (12 x 20) = 240 Sum of last 5 numbers = (40 x 5) = 200 Sum of 11th and 12th number = (240 - 200) = 40 So, 12th number = 40 x (7/16) = 17.5
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?
