a. Pay – back period method considers all cash flow of a project b. Pay – back period method concerns more with recovery of cast than profitability c. Net Present Value represents net addition to the wealth of shareholders d. Accounting Rate of Return method incorporates risk as well as time value of money Choose […]
List I List II a) Qualified Report i) Auditor Duty b) Examine Valuation and Disclosure ii) Auditor Liabilities c) Access to records of company and its subsidiaries iii) Auditor Report d) Mis – statement in prospectus in company issue of Capital iv) Auditor Right
Which among the following are NOT qualified to be appointed as auditor of a company? a. An individual who is a Chartered Accountant and holds a Certificate of Practice as per CA Act, 1949 b. A limited liability partnership firm, which has all partner as Chartered Accountants c. Officer or employee of the company who […]
Assertion (A): Indian Accounting Standards contain same ‘carve outs’ and for convergence with IFRS with some changes applied in India Reason (R): Financial Statements prepared in India with Indian Accounting Standards will not be IFRS compliant