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25 December, 12:32

Physical examination: A. Is generally not considered to be a reliable form of evidence. B. Can be used to test both tangible assets and documents. C. Is a means to verify that existing assets are owned by your client. D. Is a means of verifying that an asset really exists.

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  1. 25 December, 13:13
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    D. Is a means of verifying that an asset really exists.

    Explanation:

    The physical examination is an examination that is to be generally held for the assets. It could be verified by seeing the capacity, storage, cost or etc. But the examination should be done for those assets which really exist. Like plant and machinery, furniture & fixtures, etc

    Whether these assets produced the prescribed number of units or not, the life of the assets, etc

    Hence, the last option is correct
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Home » Business » Physical examination: A. Is generally not considered to be a reliable form of evidence. B. Can be used to test both tangible assets and documents. C. Is a means to verify that existing assets are owned by your client. D.
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