A trader is worried that in spite of substantial increase in sales compared to the earlier year,

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A trader is worried that in spite of substantial increase in sales compared to the earlier year, there is considerable fall in gross profit. After satisfying himself that sales and expenses are correctly recorded and that the valuation of inventory is on consistent basis, he wants you as an auditor to ensure that the purchases have been truthfully recorded. In the given circumstances, how would you proceed with the assignment?

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Auditing And Assurance

ISBN: 249937

2nd Edition

Authors: Sanjib Kumar Basu

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