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Q. Present value of net cash inflows Rs. 37, 304; Initial capital outlay Rs. 32,000. Excess present value profitability index is:

Q. Of the following, which is the least persuasive type of audit evidence?

Q. The auditor should state the reasons for his reservations in audit report and should try to quantify the effect on them. This should be done in case he has expressed _ i) A qualified opinion ii) an unqualified opinion with emphasis of matter paragraph iii) An adverse opinion IV) a disclaimer of opinion

Q. Balance sheet audit included verification of :

Q. ________________ document is not relevant for vouching cash purchases

Q. Lapping is also known as:

Q. The main object of vouching is :

Q. An analysis of fixed assets account has revealed possibility of unrecorded sale of plant and machinery. Which of the following audit procedures may be adopted to discover it?

Q. ________________ Asset, which is not subject to physical verification

Q. Internal controls and internal check are :