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.Management Sciences
A. Undervaluation of closing stock
B. Charging capital expenditure to revenue
C. Goods sent on consignment being shown as actual sales
D. Charging higher rates of depreciation on fixed assets than actually required
Related Mcqs:
- Which of the following is a revenue reserve?
- A. Capital redemption reserve B. Security premium account C. Debenture redemption reserve D. Capital reserve...
- If the book value of an asset stands at________per cent of the original cost, a company need not provide depreciation on it.
- A. two B. fifteen C. five D. ten...
- The board of directors shall appoint first auditor of a company
- A. With in one month of completion of capital subscription state of the company B. With in one month of the promotion of the company C. With in one month of the commencement of the business of the company D. With in one month of incorporation of the company...
- Which of the following statements is not true?
- A. Management fraud is more difficult to detect than employee fraud B. Internal control system reduces the possibility of occurrence of employee fraud and management fraud C. The auditor’s responsibility for detection and prevention of errors and frauds is similar. D. All statements are correct....
- When applying analytical procedures, an auditor could develop independent estimate of an account balance to compare it to___________?
- A. client’s unedited account balance B. client’s unedited account balance adjusted for trends in the industry C. Prior year audited balance D. Prior year audited balance adjusted for trends in the industry...
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