Question
15 students go for a picnic. 10 of them spent Rs. 60
each on their food and rest spent Rs.4 more than the average expenditure of all 15. What was the total money spent by them?Solution
Let average expenditure be Rs.x. According to the question, => 15 × x = 10 × 60 + 5 (x + 4) => 10x = 620 => x = 62 Total expenditure = 62 × 15 = Rs.930
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?
