Gagandeep Singhgagandeep singh asked 1 year ago

sir SA ka name hai Audit of single FS & Specific Elements ,Accounts  &  Items is me element account and item ki example dijiye ta ki hm  isko clearly samaj ske Sir Please give answer Single FS = P/L  or B/S or Cashflow stmt     Specific  Element= ??? Account=Stock/Debtors Item = ???? 

4 Answers
RaviRavi Staff answered 1 year ago

Yes above interpretation is correct 
Single Financial Statements = B/S or P&L or CFS
Specific Elements = Fixed Assets , Investments , Current Assets , Contingent Liability Etc 

Gagandeep Singhgagandeep singh answered 1 year ago

sir mtlb items , elements  & accounts woh ekk hi  cheaj ko bol rahe hai?

RaviRavi Staff answered 1 year ago

Elements / Account / Items denote parts of financial statements for example
Current Assets / Inventory / Note to Accounts on Valuation of Inventory  

Gagandeep Singhgagandeep singh answered 1 year ago

ok thanks sir

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