[aamir300]

In your sentence NED do not have day to day operational responsibility in the company. So it is good for company to pay them according to hours they have worked for the company rather than performance. However it is still debatable that which performance company has achieved?
It might be financial performance or non financial performance. If financial performance (Favourable to Executive Directors) then their OBJECTIVITY will compromise.

[aamir300]

In your sentence NED do not have day to day operational responsibility in the company. So it is good for company to pay them according to hours they have worked for the company rather than performance. However it is still debatable that which performance company has achieved?
It might be financial performance or non financial performance. If financial performance (Favourable to Executive Directors) then their OBJECTIVITY will compromise.

[aamir300]

MCQ Answer
A C C D C C C A C D D D B D D D

For last question Redundancy, because it was material & not disclosed so Auditor report will be modified Qualified Except for and explanation in Basis of opinion

[aamir300]

I think no. Because order was 10,000 units. He has delivered 6,000 units with fault. The point you need to remember that both parties agreeed to adjust credit note in future payments. It means they will not adjust in sale al ready been made. So next 7,000 units cross the limit of order. Then 1st 4,000 x (1,000-40) & next 3,000 x (1,000-40-50) assume that the customer has ordered more even fault in product.

[aamir300]

Yes Gunny 9/12 & other 100%

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