Q362
Read the following statements and mark your answer: I. Return on investment (R.O.I.) is calculated as part on final accounts preparation exercise II. Inventory valuation is a must for ascertaining profit by preparation of Trading Account III. Operational audit is a statutory requirement for a company auditor IV. Garner Vs. Murray relates to settlement of accounts on insolvency of a partner of the firm
A.
I and IV are correct
B.
II and IV are correct
AnswerC.
II and III are correct
D.
I and III are correct
Answer: Option B
Solution
Answer: Option B
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