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Commerce · Q343

Auditing

Graduate and Post Graduate · Commerce · question 343

Q343

The auditor has noticed existence of recurring losses sale of fixed assets this indicates:

A.
Depreciation charges are insufficient
Answer
B.
Policy of sale or disposal of fixed assets needs to be reviewed
C.
The sale of assets have not been properly authorized
D.
Accounting errors

Answer: Option A

Solution

Answer: Option A
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