A. Paid price
B. Invoice price
C. Book price
D. Discount

A. The auditor should express an opinion on financial statements.
B. His opinion is no guarantee to future viability of business
C. He is responsible for detection and prevention of frauds and errors in financial statements
D. He should examine whether recognised accounting principle have been consistently

A. 17,000 (overstated.
B. 12,000 (understated.
C. 7,000 (overstated.
D. 7,000 (understated.

A. 5,80,000
B. 5,50,000
C. 5,00,000
D. 5,75,000

A. Valuation
B. Valuation and allocation
C. Allocation
D. Appropriation

A. To inspect
B. To examine
C. To hear
D. To investigate

A. Accountancy
B. Economics
C. Book keeping
D. Auditing

A. Accounting
B. Accountancy
C. Auditing
D. Book keeping

A. Accounting
B. Reading
C. Book keeping
D. Auditing

A. Purchase return
B. Customer return
C. Sales return
D. Inventory return