Question

the objective of accounts are verified by?​

Answer 1

Explanation:

Objectives of Verification are:

To show correct valuation of assets and liabilities. To know whether the balance sheet exhibits a true and fair view of the state of affairs of the business.To find out whether there is an adequate internal control regarding acquisition, utilization and disposal of assets.

Answer 2

Answer:

Objectives of Verification are:

To show correct valuation of assets and liabilities.

To know whether the balance sheet exhibits a true and fair view of the state of affairs of the business.

To find out the ownership and title of the assets.

To find out whether assets were in existence.

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