Question
How often do you find yourself worrying about the future
or things you cannot control?Solution
This question is asking about the frequency of worrying about future or things that are out of one's control. The correct answer is "b) Sometimes." It indicates that the person may experience some level of worry or anxiety about the future or things they cannot control but it does not consume their thoughts all the time. It is normal to have some level of concern about the future, but it is important to find ways to manage these worries and focus on the present moment.
Which of the following financial statements can be prepared using a receipt and payment account?
‘Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of:
During the audit of ABC Ltd., the auditor identifies that a major debtor who owed ₹2 crore has declared bankruptcy post year-end but before signing of...
Process of verifying the documentary evidences of transactions are known as:
Which of the following best describes the principle of professional skepticism in auditing?
An auditor finds that significant information is missing from financial statements and the effect is material and pervasive. What type of audit opinion ...
Client has breached debt covenants; lender issued waiver valid for 9 months after balance sheet date. Auditor notes liquidity support from group company...
Which principle requires that the financial affairs of the business must be kept separate from the personal affairs of the owner(s)?
An auditor identifies a material misstatement due to fraud in financial statements. What should be his immediate course of action?
……… is an audit on a legal entity (the auditee) by two or more auditors to produce a single audit report, thereby sharing responsib...
