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Accounts + Advanced Accounts Lectures by CA JAI CHAWLA https://youtube.com/playlist?list=PLdkIUEQXkkYOsGhk4_w8oSF0MGKAbZHLR

The term float is used in: 1 Inventory Management 2 Receivable Management 3 Cash Management 4 Marketable securities.
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Trade credit is a source of : 1 Long-term finance 2 Medium term finance 3 Spontaneous source of finance 4 None of the above
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Scenario Analysis is considered under scenarios such as: 1 Worst Case Scenario 2 Base Case Scenario 3 Best Case Scenario 4 All of the above
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In continuous audit - 1 Audit staff may overlook a matter not completely examined in last visit 2 The records may be altered 3 Client feels the regular presence of audit staff interrupting his work 4 All of these
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The responsibility for properly determining the quantity and value of inventory rests with – 1 Management 2 Auditor 3 Auditor and management both 4 None of these
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As per SA-320, materiality is to be applied- 1 In planning the audit 2 In performing the audit 3 In planning and performing an audit 4 In planning, performing and concluding an audit
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