Quote:
Originally Posted by abidkhan
Mcqs answers:1:B(2)A(3)B(4)B(5)B(6)B(7)A(8)A(9)B
|
answer of msq no. 2 is none of these. An auditor has the reponsibility to form an opinion on the financial statements rather than validating it. Accordingly, he incurs no liability if he had maintained reasonable diligence
Secondly, current ratio is CA/CL. What you have stated is working capital (CA-CL)