What is an audit?, Financial Management

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Question 1 What is Depreciation?

Question 2 What are the elements of an accounting system?

Question 3 How do you prepare Flexible Budget?

Question 4 Briefly explain concept of Profit/Volume Ratio

Question 5 Briefly explain features of cash flow statements

Question 6 Write a short note on-

  1. Computation of changes in Working Capital
  2. Funds from operations
  3. Sources and Application of Funds
  4. Illustration

Question 7 What is Combined Ratios?

Question 8 What is an audit?


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