Question
Reema’s income in March was four times what she earned
in each of the other months of the year. What is the ratio of her income in March to her total income for the year?Solution
ATQ,
Let Reema’s monthly income for months other than March be Rs. y Then income in March = Rs. 4y Total yearly income = 4y + 11y = 15y Required ratio = 4y : 15y = 4 : 15
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According to SA 240, which of the following is TRUE regarding auditor’s responsibility in detecting fraud?
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