TOP 20 QnAs of the month – October 2011

By
Hasaan Fazal
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Every month end we release a collection of 20 most read questions of the month, which are read by thousands of visitors and loved them, so that you don’t miss the best! Scroll down to see the top 20 questions which were asked using FREE i-ask! or ASK TUTOR service and topped our collection of QnAs in October 2011.

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Top 20 QnAs for the month of October 2011

  1. What is Performance materiality?
  2. What is the difference between Authorised capital, Issued capital, Subscribed capital, Called-up capital and Paid-up capital?
  3. What is the difference between soft capital rationing and hard capital rationing
  4. What is Inherent risk?
  5. What is the difference between Cost and Expense?
  6. What is Negative goodwill and its accounting treatment?
  7. What is the difference between Internal Audit Function and Internal Control System?
  8. What is Control risk?
  9. Is change in inventory valuation method is a change in accounting estimate or an accounting policy?
  10. Why do we add back depreciation and interest income / expense in cash flow statements?