On Sun, Jan 22, 2012 at 1:19 PM, fb vdh <fbvdh@live.com> wrote:
--ACC311 answer with logic is required
While verifying the assets of a company, auditors may examine the documentation of the company, verify reasonableness of the proceeds, pay special attention to scrapings and note accounting treatment: It refers to which one of the following scheduling methods of assets?
(a) Acquisitions
(b) Disposals
(c) Existence
(d)Ownership
Which one of the following is NOT a general principle with respect to verification method of liabilities?
(a) To consider the reasonableness of the liability
(b)To consider the liability at previous accounting date
(c)To determine terms and conditions agreed when accepting loans
(d)To verify all liabilities have been stated
Take a home pay of a worker consist of which of the followings:
(a)Gross pay
(b)Gross pay plus benefit received
(c)Gross pay minus benefit received
(d)Gross pay minus deduction made
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Regards
No-Body
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