The 'Other Matter' paragraph refers to: MCQ with Answer and Explanation

Question Report Error

The 'Other Matter' paragraph refers to:

A. Adverse opinion

B. Matters other than those presented or disclosed in the financial statements that are relevant to understanding the audit, auditor's responsibilities, or report

C. Qualification

D. Matters already disclosed in financial statements

Answer: Option B

Solution (By JKExamLibrary)

Other Matter deals with matters not in the financial statements.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1 Report Error

The 'Form 16' is issued by an employer to an employee for:

A. TDS on salary

B. Provident fund

C. Professional tax

D. GST

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
Form 16 is the TDS certificate for salary income.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2 Report Error

When analyzing Cost Accounting data, 'Contribution' is useful for:

A. Calculating Income Tax

B. Determining depreciation

C. Valuing Goodwill

D. Make or Buy decisions

View Answer & Solution Discuss

Correct Answer: Option D

Explanation:
Contribution (Sales - Variable Cost) is a key metric in marginal costing used for managerial decisions like 'Make or Buy', dropping a product, or accepting special orders.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3 Report Error

The 'Central Board of Direct Taxes' (CBDT) is responsible for:

A. Direct tax policy and administration

B. Foreign trade

C. Customs

D. GST administration

View Answer & Solution Discuss

Correct Answer: Option A

Explanation:
CBDT oversees income tax and other direct taxes.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Explore All Accountancy and Book Keeping MCQs