781.Current audit file consists of
A.Matters of future importance
B.Matters relations to post years
C.Matters relating to the year of audit

782.——————- begins where accounting ends
A.Bookkeeping
B.Auditing
C. Internal check

783.—————- audit is compulsory for joint stock companies
A.Statutory
B.Final
C.Continuous

783.Treating revenue expenditure as capital expenditure is an example of error of ——————-
A.Principle
B.Compensating
C. Clerical

785.Financial statements are prepared by
A.The accountant
B.The auditor
C. Managing director

786.Preliminary expanses not written off are treated as
A.Fixed assets
B.Intangible assets
C. Fictitious assets

787.Verification of assets involves a critical examination of
A.Ownership
B.Existence
C.All of these

788.Finished goods are valued for a balance sheet purpose
A.At cost price
B.At market price
C.At lower of cost or market price

789.—————- includes financial and non-financial control
A.Internal check
B.Internal control
C. Internal audit

790.—————- is concerned with the allocation of work among employees
A.Internal control
B.Internal check
C. Internal audit

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