Assignment No. 2
Question No.1
Define correct valuation and discuss its main object.
Answer :
Correct Valuation:
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Question No. 2
Write detailed notes on verification of expenses, profit and loss appropriation account.
Answer:
VERIFICATION OF EXPENSES:
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PROFIT AND LOSS APPROPRIATION ACCOUNT:
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Question No. 3
What do you know about verification of liabilities? Explain the verification of long term and current liabilities.
Answer:
VERIFICATION OF LIABILITIES:
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Demonstrate the powers, rights, duties and status of Company Auditor.
Answer :
The powers and rights of Company Auditor:
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The duties of an Auditor:
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Question No. 5
Define audit report and discuss its types.
Answer :
Audit Report:
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