Reflecting all the transactions relating to the period of the accounts without regard to the actual date of payment or receipt is also called

Related MCQs

• The following types of financial statements are audited in respect of Union, State and UT Governments i Finance Accounts ii Appropriation Accounts iii Balance Sheet iv Statements of Expenditure
• If the monthly accounts of some Treasuries or Public Works Divisions are excluded from the Accounts of a State Government, it affects this objective
• Insurance relating to the year 2013-14 was paid in 2012-13 in advance. The same was however booked as expenditure in 2012-13. This does not meet the objective of
• Financial (attest) audit includes: i Examination and evaluaion of financial records ii Audit of financial systems and transactions iii Audit of intenal control and internal audit functions iv Evaluation of Compliance with applicable statutes and regulations
• The materiality thresholds depend on the ____ of accounts and their _____.
• For accounts prepared on cash basis, in respect of gross receipts/expenditure, materiality percentage would be
• In the context of Government Accounts in India, the key feeder systems include:
• In the context of Government Accounts in India, the key feeder systems aslo include State Bank of India or any other public sector bank transacting Government Business on behalf of Reserve Bank of India
• The general audit objectives are also called
• This method of sampling is also called probability proportionate to size (PPS) sampling