Multiple Choice
Which of the following statements are true?
A) The Union and State Governments follow cash based accounting while Corporations and autonomous bodies mainly follow accrual based accounting
B) The Union and State Governments follow accrual based accounting while Corporations and autonomous bodies mainly follow cash based accounting
C) The Union and State Governments and Corporations and autonomous bodies follow accrual based accounting
D) The Union and State Governments and Corporations and autonomous bodies follow cash based accounting
Correct Answer:
Verified
Correct Answer:
Verified
Q2: In the context of Government Accounts in
Q3: Which of these broad characteristics of audit
Q4: The process for identifying material risk factors
Q5: In the context of Government Accounts in
Q6: Which of the following statements is True?<br>A)Oral
Q7: The three levels of substantive procedures that
Q8: The document that presents an analysis of
Q9: The acid test for good documentation is<br>A)when
Q10: Which of the following is True?<br>A)A systematic
Q11: The extent of audit procedures and the