M

Mr. Dubey • 52.30K Points
Coach 

Q. When a transaction has not been recorded in the books of account either wholly or partially such errors are called as _________.

(A) errors of commission
(B) errors of omission
(C) compensating error
(D) error of principle

Correct Answer - Option(B)

Share

Discusssion

Login to discuss.

Loading comments.....

Related Posts

Q. Which of the following statement best describes the understanding with respect to ownership and custody of working papers prepared by an auditor?

Q. Purchase returns should be vouched with the help of

Q. Inspection report/receiving report supports entries in

Q. Balance sheet audit included verification of :

Q. Sale of Rs.50,000 to ‘A’ was entered as a sale to ‘B’. This is an example of –

Q. The term Standard Auditing Practices refers –

Q. The term of the auditor ship of first auditor would be from the date of appointment till__

Q. An auditor conducts a surprise check on the pay day (i.e) the day wages and salaries are paid. The primary purpose of this audit procedure is

Q. The scope of the audit including reference to the pronouncements of the ICAI, which the auditor adheres to, generally is communicated to the client in the ____ i) auditor’s report ii) engagement letter iii) representation letter

Q. For all audits of financial statements made in accordance with AAS14, the use of analytical procedures is at the discretion of the auditor in which stage?

View All Posts