Question 1.A..3: State whether each of the following statements is true or fa...

Accounting for Non-Accounting Students

State whether each of the following statements is true or false:
(a) An auditor’ job is to find out whether a fraud has taken place. True/False
(b) Management accounts are required by law. True/False
(c) Tax avoidance is lawful. True/False
(d) A balance sheet is a list of assets and liabilities. True/False
(e) Companies have to go into liquidation if they get into financial difficulties. True/False

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