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.
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
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Tell me that how we can calculate the internal control audit?
Write down the essential principles of an internal audit control system?
Write down the importance of internal audit to the organization?
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
A subgroup of the board of directors composed of directors who are independent of an organization and not employed by organization. The committee acts on behalf of the full board and all stockholders to check on management actions and it has responsibility for the soundness of the
Auditing: Auditing is the systematic procedure of objectively obtaining and estimating evidence regarding assertions concerning economic actions and actions to ascertain the degree of correspondence among those assertions and established criteria and
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.
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