- Issue of fully paid bonus shares
- Write of Goodwill
- Payment of Dividends
- None of these
- a
-
Share Premium is also called Security Premium.
- Private Companies
- Public Companies
- Listed Companies
- None of these
- b
- Current Assets
- Net profit
- Gross profit
- Retained earning
- c
-
Gross Profit = Sales + Cost of Goods Sold
- Less sales cost of sale and operating expense
- Less gross profit and operating expenses
- Both A & B
- None of these
- C
- Section 226 (1) and Section 226 (2)
- Section 224 (1) and Section 224 (2)
- Section 225 (1) and Section 225 (2)
- None of these
- A
- Substantive test design to study relationship between financial and non financial.
- Substantive test designed to evaluate the validity of management’s representation letter.
- Substantive test designed to assess control risk.
- None of the above
- c
- Ensure Adherence to generally accepted audit standards
- Acceptance or retention clients whose management does not lack integrity.
- Ensure audit fee is charged according to the type of audit work assigned.
- All of the above
- d
- Payment of Capital
- Dividends
- Both A & B
- Nonce of these
- c
- Intangible Asset
- Liquid Asset
- Floating Asset
- Current Asset
- a
-
Intangible Asset is an asset which have not physical presence.