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Commerce Auditing Difficulty: Medium

. . . . . . . . supplies the management significant information in order to assist the management to discharge its various functions such as planning, control and decision making. Which of the following methods of stock control aims at concentrating efforts on selected items of material? The subsidiary voucher produced in the absence of primary voucher is called ___ days of grace are allowed in case of time bills, for calculating date of maturity If payout ratio is 0.45 then retention ratio will be