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.Management Sciences
A. Daily cash sales summary
B. Salesmen’s summary
C. Monthly statements sent to customers
D. Bank statement
Related Mcqs:
- Why do auditors concentrate their efforts on material items in accounts?
- A. Because they are easier to audit B. Because it reduces the audit time C. Because the risk to the accounts of their being incorrectly stated is greater D. Because the directors have asked for it...
- The quantity of audit working papers complied on engagement would most be affected by__________?
- A. Management’s integrity B. Auditor’s experience and professional judgment C. Auditor’s qualification D. Control risk...
- Balance sheet does not include:_____________?
- A. Verification of assets and liabilities B. Vouching of income and expense accounts related to assets and liabilities C. Examination of adjusting and closing entries D. Routine checks...
- Which of the following statements is not true with respect to management representations obtained as per AAS11?
- A. Authenticated copy of relevant minutes of meetings may be regarded as management representation B. It should always be in working C. It may be dated prior to the report date D. It should be addressed to the auditor...
- The auditor should examine subsequent realization of revenue such as dividends, interest,commission, etc to:_____________?
- A. identify cases of unrecorded revenue B. ensure proper disclosure in the balance sheet C. recompute accrued income on the data of balance sheet D. Any of these...
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