Question
Statements:All circles are rectangles. No
rectangle is a square. Conclusions:I. No square is a rectangle. II. Some rectangles are circles. III. Some circles are squares. In each of the questions below are given two statements followed by three conclusions numbered I, II and III. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of given conclusions logically follows from the given statements disregarding commonly known facts.Solution
No rectangle is a square (E) ⇒ conversion ⇒ No square is a rectangle (E). Hence, conclusion I will follow. All circles are rectangles (A) ⇒ conversion ⇒ Some rectangles are circles (I). Hence, conclusion II will also follow. A + E = E and I type conclusion cannot be drawn from E type proposition. Hence, conclusion III will not follow.
Which principle requires that the financial affairs of the business must be kept separate from the personal affairs of the owner(s)?
Under CARO 2020, which of the following matters is required to be reported by the auditor?
CARO, 2020 is applicable to which of the following companies?
A printing firm completes a specific order for 5,000 brochures for a client. What is the most appropriate costing method?
Which of the following is NOT a key element of an independent auditor’s report under SA 700?
Internal auditor is removed and appointed by which among the following?
According to SA 240, which of the following is TRUE regarding auditor’s responsibility in detecting fraud?
Which of the following deductions is/are available as deduction from income under both the old and new tax regime of Income Tax?
If the auditor is unable to obtain sufficient audit evidence and the possible effect is material but not pervasive, what type of opinion is issued?
An auditor finds management has overridden controls, leading to possible material misstatements. As per SA 240, what should the auditor do?