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Statement I The scope of valuation is wider than verification Statement...

This question belongs to Commerce Auditing
Auditing
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Statement I: The scope of valuation is wider than verification.
Statement II: Valuation is done after vouching but before verification.

Answer & Solution
Correct Answer: Option B
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1 Comment
Akash Dahire
Akash Dahire 6 months ago
D. Both statement are false.
The correct sequence is Vouching, physical Verification and then Valuation
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