Question
In the question below some statements are given
followed by four conclusions I, II, III and IV. 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 statements and then decide which of the given conclusion definitely follows from the given statements, disregarding the commonly known facts. Statements: Few Lamp is Post. All Post is Lighter. No Post is Cook. All Cook is Top. Conclusions: I. Few Lighter is not Cook. II. No Post is Top. III. Few Top is Lighter. IV. Few Lamp is Lighter.Solution
No Post is Cook (E) → Conversion → No Cook is Post (E) + All Post is Lighter (A) → Some Lighter are not Cook (O*). Hence conclusion I follows. No Post is Cook (E) + All Cook is Top (A) → Some Top are not Post (O*). Hence conclusion II does not follow. Some Lighter are not Cook (O*) + All Cook is Top (A) → No conclusion. Hence conclusion III does not follow. Some Lamp is Post (I) + All Post is Lighter (A) → Some Lamp are Lighter (I). Hence conclusion IV follows.
Which of the following is a primary objective of auditing?
An auditor's sample for test of controls is least likely to be designed to:
Which of the following is an example of an inherent limitation of an audit?
The risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated is known as:
Why must auditors obtain an understanding of internal control even if they do not intend to rely on it?
An audit conducted between two annual audits is known as a:
Which balance is least suited to positive confirmation?
Which auditing standard outlines the auditor's responsibilities relating to fraud in an audit of financial statements?
‘Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of:
Which of the following financial statements can be prepared using a receipt and payment account?
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