Gladstone's 1866 Act made departments produce which annual accounts?
ATrial balance sheets
BPetty cash ledgers
CAppropriation accounts
DAudit memo reports
Answer & Solution
Correct answer: C. Appropriation accounts
The 1866 Exchequer and Audit Departments Act required annual accounts known as appropriation accounts.
Keep practising Financial Audit
Browse all Financial Audit questions for CA Final, or explore more Auditing topics.
Related questions
Which 2002 law led to the creation of the PCAOB?Which firm hid off-book liabilities from banks and shareholders before collapsing?Which office now audits UK government expenditure?Which body did the Securities Exchange Act of 1934 create?Which of these is a method of gathering audit evidence?Why can an audit not give absolute assurance?Financial statements aim to give information useful to whom?Which statement reports changes in equity over a stated period?