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Question 4Out of the following audit of Government Grantswill be important for audit ofPartnership FirmHospitalHotelSmal CompanySave & NextPreviousTo be reviewed laterEnd Exam button available on lasten |
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Answer» Explanation: Among the various options given in question STATEMENT, the correct option is the second one. For government GRANTS especially for HOSPITALS, it is important to audit them. Normally, government grants are given to educational institutions, hospitals and it is necessary to check that the grant has been fully and properly utilised on the given subject. This ALSO ENSURES that grant has been used without any corruption or mis use |
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