Read the following statements and mark your answer:
I. Return on investment (R.O.I.) is calculated as part on final accounts preparation exercise
II. Inventory valuation is a must for ascertaining profit by preparation of
Trading Account
III. Operational audit is a statutory requirement for a company auditor
IV. Garner Vs. Murray relates to settlement of accounts on insolvency of a partner of the firm
A. I and IV are correct
B. II and IV are correct
C. II and III are correct
D. I and III are correct
Answer: Option B
This Question Belongs to Commerce >> Miscellaneous In Commerce
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