Question

4 Balance sheet andit verification of
a)assets
b) liability
c)income & expenditure aurents (where appropriate)
d) all of the above​

Answer 1

Answer:

Yearly statutory audit is termed as balance sheet audit. Balance Sheet Audit is done with a view to review all the items of Balance Sheet which includes all the assets and liabilities. This includes physical verification and valuation of assets too. If require, Income and expenses account also can be verified.