Valuation of fixed assets is based on the concept –

Related MCQs

• An analysis of fixed assets account has revealed possibility of unrecorded sale of plant and machinery. Which of the following audit procedures may be adopted to discover it?
• The auditor has noticed existence of recurring losses sale of fixed assets this indicates
• An auditor is verifying valuation of building which has been self constructed by the client. Which of the following documents is least relevant to the auditor for verification purposes?
• Valuation is the base of:
• Valuation is the basis of :
• Floating assets are valued at
• Schedule XIV has prescribed rates of depreciation for double shift and triple shift working for which one of the following assets?
• The inventory consists of about one per cent of all assets. The client has imposed restriction on auditor to prohibit observation of stock take. The auditor cannot apply alternate audit procedures.
• Which of the following is not true with regard to verification of assets?
• Which of the following assets is least likely to be subjected to lien?