Auditing - Study Mode
[#306] Purchase of machinery is a . . . . . . . .
Correct Answer
(C) capital expenditure
[#307] Inspection report/receiving report supports entries in:
Correct Answer
(B) Purchase book and sales return book
[#308] In order to vouch bought ledger, the auditor obtain confirmations from creditors. The principal reason for the auditor to examine suppliers statements at balance sheet date is to obtain evidence that:
Correct Answer
(B) There are no unrecorded liabilities
[#309] Instruction of audit issued by controller and auditor general of India . . . . . . . .
Correct Answer
(D) Government Audit
[#310] Sale of land is a . . . . . . . .
Correct Answer
(B) capital receipt