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Detailed explanation of each & every topic of AUDIT for better understanding
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Author "kapil-anand"
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Given below are two statements on labelled as Assertion (A) and the other labelled as Reason (R) Read the statements and choose the correct answer using the code below. Assertion (A) : A low debt equity ratio is recommended for a newly started business. Reason (R) During the intitial years of the business, debt servicing will prove to be burdensome. Code 1. (A) is not corrrct but (R) is correct. 2. Both (A) and (R) are correct and (R) is the correct explanation of (A). 3. (A) is correct but (R) is not correct. 4. Both (A) and (R) are the correct but (R) is the correct explanation of (A).
Kapil Anand
asked 5 years ago
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2164
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1
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State with reasons your views on the following: Mr. X, a partner of X & Co., Chartered Accountants died of a heart attack on 30.03.16 after completing the entire routine audit work of T Ltd., Mr. Y one of the partners of the firm, therefore signed the accounts of T Ltd. without reviewing the finalization work done by the assistants.
Kapil Anand
asked 6 years ago
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2345
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4
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“Generally an audit is not concerned with the propriety of business conduct”. Comment.
Kapil Anand
asked 6 years ago
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3316
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7
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How to Determined the Reliabilty of External Confirmation..?
Kapil Anand
asked 6 years ago
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SA-505
958
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1
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0
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