EPFO EO/AO • General Ability Test • 2023 • Q.80
Accountancy & AuditingMedium
Following is the information relating to a club for the year ending 31.03.2022:
| Item | Amount (₹) |
|---|---|
| Subscription outstanding as on 31.03.2021 | 16,000 |
| Subscription outstanding as on 31.03.2022 | 18,000 |
| Subscription received in advance as on 31.03.2021 | 12,000 |
| Subscription received in advance as on 31.03.2022 | 11,000 |
There are 70 members each paying an annual subscription of ₹1,000. Total subscription received during the year 2021–22 will be:
Syllabus Connection
Auditing: Nature, objectives & basic principles of auditing, internal audit vs. external audit, internal control systems & audit trail, audit procedures, verification and valuation of assets and liabilities. (APFC)
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