Q21:

Which management assertion suits the balance related audit objective for that all accounts on the list are really exist?

a.

Existence

b.

Completeness

c.

Valuation or allocation

d.

Right and obligations

Q22:

all of the followings are relevant into capital acquisition and repayment cycle except:

a.

trade note payable

b.

retained earnings

c.

bank loan

d.

common stocks