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Table of Contents:
- What is another word for reference?
- What does recommendation mean?
- Which word has a positive connotation?
- What are the types of verification?
- What is the importance of verification of assets?
- What are the objectives of valuation of assets?
- What are the objectives of verification of liabilities?
- What is the difference between verification and valuation of assets?
What is another word for reference?
other words for reference
- allusion.
- hint.
- innuendo.
- mention.
- note.
- quotation.
- mentioning.
- plug.
What does recommendation mean?
1a : the act of recommending. b : something (such as a procedure) recommended. 2 : something that recommends or expresses commendation.
Which word has a positive connotation?
A word's connotation can make the word feel positive or affirmative in the context it's used. For example, the world 'economical' has a positive connotation; however, the similar word 'cheap' does not carry the same positive feeling.
What are the types of verification?
The four fundamental methods of verification are Inspection, Demonstration, Test, and Analysis.
What is the importance of verification of assets?
Objectives of Verification are: To show correct valuation of assets and liabilities. To know whether the balance sheet exhibits a true and fair view of the state of affairs of the business. To find out the ownership and title of the assets.
What are the objectives of valuation of assets?
Valuation means finding out correct value of the assets on a particular date. It is an act of determining the value of assets and critical examination of these values on the basis of normally accepted accounting standard.
What are the objectives of verification of liabilities?
Verification of liabilities aims at ascertaining whether all the liabilities of the business are properly disclosed, valued, classified, and shown in the Balance Sheet. The auditor should see that they are correctly stated in the Balance Sheet.
What is the difference between verification and valuation of assets?
Valuation implies critical examination and testing of determined values of assets on the basis of its utility during a particular period. Verification means proving the truth or confirmation. ...
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