Define Revenue
Define Revenue in terms of Accountancy in brief?
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Revenue is the amount that any company or business acquires for offering goods or services after selling them. This revenue is the earning or income source of that business association. Each and every business works for trading or production in particular goods and each and every sale will be the revenue of business and after subtracting all expenses business can find net gain or loss from that trade.
Audit Controls: The common definition of an audit is a valuation of a person, association, system, procedure, enterprise, product or project. The word most generally refers to audits in accounting, internal auditing, and government auditing, however a
Audit Management: It is a systematic assessment of processes and policies of an organization's management in the administration and the utilization of resources, tactical & strategic planning, and employee and organizational enhancement.
Audit procedures that ignore the actual computer processing part of business activities. A sample of input is tested and verified through standard audit technique, and the output is checked. Auditing around the computer assumes that if the output rights, then the processing is righ
What to do after the audit?
Elucidate the differentiation between External Audit and Internal Audit?
Write down the importance of measuring an internal audit department?
A signed letter from the auditor of a company, included in the annual report, that state whether or not the finan- cial statements fairly present the results of operations and the financial position of the company. An annual audit is required by the Exchange and Securities Commissi
Write down the main Objectives of Internal Audit?
How does the internal audit vary from an external audit?
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