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Introduction to Suspense Account

not necessari...

Question

____________ not necessarily restricted to a financial year. It can extend for a period consisting of a number of years.

Investigation

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Audit

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Accounting

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None of above

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Solution

The correct option is A Investigation
Investigation implies systematic, critical and special examination of the records of a business for a specific purpose. Investigation is done to find out the probable frauds. This is done with a view to have a complete check of a specific transaction or process.
Investigation may not be restricted only for a specific financial year, this may be extended for a period consisting of a number of years if required.

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Similar questions

Q. A person is to walk from

A

B

. However, he is restricted to walk only to the right of

A

or upwards of

A

, but not necessarily in the order shown in the figure. Then find the number of paths from

A

B

Q. Refer to the following table which gives changes in market shares of five brands over a five year period.

	1998	1999	2000	2001	2002
A	33	32	28	31	35
B	6	8	9	11	13
C	27	29	32	28	22
D	19	19	18	20	21
E	15	12	13	10	9

Rules :
a. If market share increases for

3

years in a row, the brand is called a 'strengthening' brand.
b. If market share remains above

30 %

for

3

years out of a total of

5

years, then it is a 'consistent' brand.
c. If market share is failing for

3

years in a row, the brand is called a 'weakening' brand.
d. If market share drops for

2

years in a row and then rises for

2

years in a row, it is a 'relaunched' brand.
e. If market share varies by

3

points or less over the past year for

5

years in a row then it is a 'maverick' brand.
f. If in any year,

80 %

of, total market share is accounted for three brands, then that year is a 'year of competition'.
g. If any year, just two brands account for at least

60 %

of total market share, then that year is a 'consolidation year.'
Note : For 'weakening brands', fall for

3

years would mean the date should show a declining trend for

3

years from a base year.
Which brands are 'consistent' brands?

Q. Refer to the following table which gives changes in market shares of five brands over a five year period.

	1998	1999	2000	2001	2002
A	33	32	28	31	35
B	6	8	9	11	13
C	27	29	32	28	22
D	19	19	18	20	21
E	15	12	13	10	9

Rules :
a. If market share increases for

3

years in a row, the brand is called a 'strengthening' brand.
b. If market share remains above

30 %

for

3

years out of a total of

5

years, then it is a 'consistent' brand.
c. If market share is failing for

3

years in a row, the brand is called a 'weakening' brand.
d. If market share drops for

2

years in a row and then rises for

2

years in a row, it is a 'relaunched' brand.
e. If market share varies by

3

points or less over the past year for

5

years in a row then it is a 'maverick' brand.
f. If in any year,

80 %

of, total market share is accounted for three brands, then that year is a 'year of competition'.
g. If any year, just two brands account for at least

60 %

of total market share, then that year is a 'consolidation year.'
Note : For 'weakening brands', fall for

3

years would mean the date should show a declining trend for

3

years from a base year.
What was average market share of brands A and B from

1998 t o 2002

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