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Answer Posted / tyagraj
Investigation is the examination of accounts for a special
purpose.The purpose may be to find out the financial
position of the borrowing concern or the earning capacity of
the concern .etc.,Whereas the audit is carried out to
ascertain whether or not the profit and loss account and the
balance sheet exhibit the true and fair view of the state of
affairs and results of operation of the undertaking.
| Is This Answer Correct ? | 4 Yes | 2 No |
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