1
You visited us
1
times! Enjoying our articles?
Unlock Full Access!
Byju's Answer
Standard XI
Accountancy
Types of Accounts
Audit is the ...
Question
Audit is the examination of Accounts to check reasoning behind decisions
A
True
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
False
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is
A
True
Suggest Corrections
0
Similar questions
Q.
Auditing exercise includes:
(i) Checking of accounts
(ii) Verification of accounts
(iii) Examination of accounts
Q.
Audit evaluates the wisdom behind the decisions.
Q.
Auditing may be done on ___________ examination of accounts.
Q.
____ defines cost audit as "as system of audit introduced by the Government of India for the review, examination, and appraisal of the cost accounting records and attendant information, required to be maintained by specified industries."
Q.
Which of the following pairs are correctly matched:
1. Test check - Random checking
2. Internal check - A system of automatic checking
3. Internal control audit - General examination of all accounting
4. Investigation records - Includes internal check and internal control
Select the correct answer using the codes given below:
View More
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
Related Videos
Journal, Ledger and Posting From Journal
ACCOUNTANCY
Watch in App
Explore more
Types of Accounts
Standard XI Accountancy
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
AI Tutor
Textbooks
Question Papers
Install app