SSC

A. Bank statements obtained from the client

B. Documents obtained by auditor from third parties directly.

C. Carbon copies of sales invoices inspected by the auditor

D. Computations made by the auditor

A. Staff specially appointed for the purpose

B. Internal auditor

C. Supervisor of the staff

D. Members of the staff

A. Be included in the stock

B. Not be included in the stock

C. Not be checked by auditor

D. None of the above

A. 1956

B. 1949

C. 1956

D. 1948

A. cost

B. Market price

C. Cost or market price whichever is lower

D. Cost less depreciation

A. Complete audit

B. Completed audit

C. Final audit

D. Detailed audit

A. Kingston Cotton Mills case

B. London Oil Storage Co. Case

C. London and General Bank case

D. None of the above

A. Cost

B. Market price

C. Cost or Market price whichever is lower.

D. Cost less depreciation.

A. It is conducted at regular interval

B. It may be carried out on daily basis

C. It is needed when the organization has a good internal control system

D. It is expensive

A. Examining the physical existence and valuation of assets.

B. Examining the journal and ledger

C. Examination of vouchers related to assets.

D. None of the above.