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Case 8. Refer the following list of assets of financial year 2018 - Furniture OMR 250, Building OMR 15000, Inventory OMR 600, Car OMR 3500,

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Case 8. Refer the following list of assets of financial year 2018 - Furniture OMR 250, Building OMR 15000, Inventory OMR 600, Car OMR 3500, Debtors OMR 700. Assets revalued in financial year 2019 as - Furniture OMR 220, Building OMR 16000, Inventory OMR 750, Car OMR 2500, Debtors OMR 500. Additional Information - Cash remain unchanged. You are required suggest the suitable technique of audit to check revalued assets with explanation for the listed assets. (5 Marks) Case 8. Refer the following list of assets of financial year 2018 - Furniture OMR 250, Building OMR 15000, Inventory OMR 600, Car OMR 3500, Debtors OMR 700. Assets revalued in financial year 2019 as - Furniture OMR 220, Building OMR 16000, Inventory OMR 750, Car OMR 2500, Debtors OMR 500. Additional Information - Cash remain unchanged. You are required suggest the suitable technique of audit to check revalued assets with explanation for the listed assets

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