While vouching, how will the auditor ensure that all credit sales transactions have been recorded by the entity?
A. Examining cut off points
B. Matching entries in the sales book against renumbered sales invoices and goods' outward notes
C. Counting the number of invoices and matching the number with entries on sales book
D. Both A and B
Answer: Option D
A. 2, 1, 3, 4, 5
B. 1, 2, 3, 4, 5
C. 5, 1, 4, 3, 2
D. 4, 1, 3, 2, 5
Auditing and accounting are concerned with which of the following financial statements?
A. Auditing uses the theory of evidence to verify the financial information made available by accountancy
B. Auditing lends credibility dimension and quality dimension to the financial statements prepared by the accountant
C. Auditor should have a thorough knowledge of accounting concepts and convention to enable opinion on financial statements
D. All of the above
In how many days from the registration, the first Auditor of the Company be appointed?
A. 10
B. 20
C. 30
D. 60
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