Vidyalelo
Commerce · Q38

Auditing

Graduate and Post Graduate · Commerce · question 38

Q38

Interim audit refers to:

A.
Audit of accounts just after one accounting year
B.
Audit of accounts after 5 years
C.
An audit which is generally conducted in between two annual audits
Answer
D.
It is an audit which is prepared to decide the % of commission to be paid to the manager on the basis of the sales record
E.
An audit to know the progress of the sales in the middle of the accounting year

Answer: Option C

Solution

Answer: Option C
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