Purchase returns should be vouched with the help of

Related MCQs

• Payment for wage should be vouched with the help of
• Payment for building purchased should be vouched with the help of
• Receipts from sale of investments should be vouched with the help of
• Shares issued for consideration other than cash should be vouched with help of –
• Shares issued for consideration other than cash should be vouched with help of –
• Vendors should be approved by Management before purchase department executes an order. If this is not done, then which of the following situations may arise?
• 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
• Outstanding expenses should be verified with the help of –
• Goods purchased but not recorded in the purchase register is ________________
• An internal auditor discovered that fictitious purchases have been recorded by the purchase clerk. This indicates absence of which control?