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What is the purpose of verification in auditing?a)To create financial statements for the business.b)To determine the mathematical accuracy of the books of accounts.c)To confirm the existence and correctness of assets and liabilities.d)To identify potential errors in the accounting software.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the purpose of verification in auditing?a)To create financial statements for the business.b)To determine the mathematical accuracy of the books of accounts.c)To confirm the existence and correctness of assets and liabilities.d)To identify potential errors in the accounting software.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the purpose of verification in auditing?a)To create financial statements for the business.b)To determine the mathematical accuracy of the books of accounts.c)To confirm the existence and correctness of assets and liabilities.d)To identify potential errors in the accounting software.Correct answer is option 'C'. Can you explain this answer?.

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