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ATQ, Let, the initial income of the Raman be Rs. '8x'. So, the new income of the Raman = 1.125 × 8x = Rs. '9x' Let, his initial expenditure = New expenditure be Rs.'y' ATQ, 9x - y = 1.5 × (8x - y) Or, 9x - y = 12x - 1.5y Or, 12x - 9x = 1.5y - y Or, 3x = 0.5y Or, (y/x) = (3/0.5) Or, (y/x) = 6 Or, y = 6x So, the required % = (y/8x) × 100 = (6x/8x) × 100 = 75%
The scope of internal audit is decided by the :
________ the audit risks _________ the materiality and _______ the audit effort
Which of the following statements is true for cash basis accounting?
Which auditing standard outlines the auditor's responsibilities relating to fraud in an audit of financial statements?
A sale of Rs. 25,000 to A was entered as a sale to B. This is an example of _
Which of the following financial statements can be prepared using a receipt and payment account?
Which principle requires that the financial affairs of the business must be kept separate from the personal affairs of the owner(s)?
Suppose an NPO receives a donation of $10,000 from a donor. The entry to record this transaction would be as follows?
Internal auditor is removed and appointed by which among the following?
Which of the following statements is not true?
