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Commerce Optional-2019 Paper-1 Suggested Answer to Question-1(e)

Explain five major points that an auditor shall keep in mind while conducting audit of a Charitable Trust. Answer the

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Commerce Optional-2019 Paper-1 Suggested Answer to Question-1(d)

Explain with suitable examples how “Shut Down Cost” is different from “Sunk Cost”. Answer the Following in about 150 Words.

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Commerce Optional-2019 Paper-1 Suggested Answer to Question-1(c)

What do you understand by the term Annual Value of the House Property? How would you determine the annual value

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Commerce Optional-2019 Paper-1 Suggested Answer to Question-1(b)

“Recognition of Revenue presents two basic problems, namely timing and measurement”. Do you agree? How would you solve these two

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Commerce Optional-2019 Paper-1 Suggested Answer to Question-1(a)

Explain why the companies Buy Back their own shares. How is it different from issue of Bonus Shares? Answer the

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