Description : Under the Net worth method, the basis for ascertaining profit or loss is the difference between ________
Last Answer : Under the Net worth method, the basis for ascertaining profit or loss is the difference between ________ ... dates (d) Net assets on two dates
Description : Boussinesq’s equation for ascertaining unit pressure at a depth on sewers due to traffic loads, is A. pt = 3H3p/2 Z5 B. pt = 2H3p/3 Z5 C. pt = 3H3p/2Z5 D. pt = 2 3p/3Z5
Last Answer : ANS: A
Description : .If specific information comes to an auditor's attention that implies the existence of possible illegal acts that could have a material, but indirect effect on-the financial statements, the auditor ... d. Discuss the evidence with the client's audit committee, or others with equivalent authority.
Last Answer : Apply audit procedures specifically directed to ascertaining whether an illegal act has occurred
Description : The establishment of the overall audit strategy involves a. Determining the characteristics of the engagement that defines its scope. b. Ascertaining the reporting objectives of the engagement to plan the timing ... will determine the focus of the engagement team's efforts. d. All of the answers
Last Answer : All of the answers
Description : The establishment of an overall audit strategy involves I. Determining the characteristics of the engagement that define its scope. II. Ascertaining the reporting objectives of the engagement to plan the timing of the audit and the ... II only b. I and III only c. II and III only d. I, II, and III
Last Answer : I, II, and III
Description : In the case of an audit of financial statements, which of the following would not be a valid criterion in ascertaining the degree of correspondence between assertions and established ... . Philippine Accounting Standards c. Philippine Standards on Auditing d. Philippine Financial Reporting Standards
Last Answer : Philippine Standards on Auditing
Description : The fire demand for ascertaining the empirical formula 1136.5 [(P/10) + 10] known as (A) Kuichling's formula (B) Buston's formula (C) Freeman formula (D) Under Writers formula
Last Answer : (C) Freeman formula
Description : Soundings are required for (A) Making nautical charts for navigation (B) Ascertaining the areas subject to scour or silting (C) Obtaining detailed information for construction (D) All the above
Last Answer : (D) All the above
Description : Which of the following is not the main objective of accounting? A] Systematic recording of transactions B] Ascertaining profit or loss C] Ascertainment of financial position D] Solving tax disputes with tax authorities
Last Answer : D] Solving tax disputes with tax authorities