Question

4
Losing Stock with consignee is to be shown as the asset of
(a) the Consignee
(b) the Consignor
(c) the Agent
(d) Consignee and Consig
deals with audit sampling
(a) SA 530
(b) SA 400
(c) SA 610
(d) SA 510
5. The auditor will examine Bill of Entry in order to vouch
(a) Local Purchases
(b) Import Goods
(c) Cahs Purchases
(d) Export Goods
B. State whether the following statements are True or False :
1 The method of valuation of assets should not be consistent.
2. Balance confirmation from Debtors is an internal document.
3. Audit Techniques are given by SA - 500.
4 Permanent Audit file includes Trust Deed.​

Answer 1

Answer:

1:- The agent

2:- SA400

3:- Export Goods