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What does this sentence mean?

"If a class of transaction or account balance has been divided into strata, the misstatement is projected for each item separately" Pg 7.10


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

02-Dec-20

25

Answers (1)

Best Answer

If you group account balances into different buckets, misstatement from sample would be projected separately for each bucket.


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Dec-20

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