Treating revenue expenditure as capital expenditure is a case of _________.

Related MCQs

• Which of the following expenses should not be treated as capital expenditure?
• In case of vouching, the auditor is least likely to examine authorization by appropriate authority in case of –
• Which of the following is not a revenue expense?
• Which of the following is a revenue reserve?
• The auditor should examine subsequent realization of revenue such as dividends, interest, commission, etc to
• The “Guidance Note on Revenue” issued by the ICAI does not deal with
• The auditor has serious concern about the going concern of the company. It is dependent on company’s obtaining a working capital loan from a bank which has been applied for. Then management of the company has made full disclosure of these facts in the notes to the balance sheet. The auditor is satisfied with the level of disclosure. He should issue_
• In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at…..by passing a resolution
• In case the auditor gives a disclaimer of opinion in the audit report which of the following paragraph(s) of a standard unqualified audit report are modified?
• The auditor should state the reasons for his reservations in audit report and should try to quantify the effect on them. This should be done in case he has expressed _ i) A qualified opinion ii) an unqualified opinion with emphasis of matter paragraph iii) An adverse opinion IV) a disclaimer of opinion