Business Studies, asked by nkpatel3131, 2 months ago

What is be verified to know the financial status?

Answers

Answered by hm7133987

1

Answer:

Verification is an auditing process in which auditor satisfy himself with the actual existence of assets and liabilities appearing in the Statement of Financial position. ... Thus, verification includes verifying: The existence of the assets and liabilities. Legal ownership and possession of the assets.

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