Teaching MPPSC Assistant Professor Mock Test Series 2025 Accounting and Auditing Financial Statements Analysis Auditing
Section 143 of the Companies Act specifies the duties on the auditor to inquire on certain matters. Identify the INCORRECT matter in light of the above section.
1
Whether personal expenses have been charged to revenue account.
2
Whether loans and advances made by the company have been shown as deposits.
3
Whether shares, debenture and other securities have been sold at less than purchase price in case any company other than banking/investment company.
4
Whether charge of fixed assets is property updated by company in MCA records.