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Question

Which of the following implies systematic, critical and special examination of the records of a business for a specific purpose?

A
Auditing
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B
Investigation
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C
Inquiry
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D
Costing
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Solution

The correct option is B 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.

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