Entities frequently maintain a plant register as a subsidiary ledger detailing individual items of PPE. Which of the following would an auditor not expect to find in a plant register?
A) cost and accumulated depreciation.
B) the date of previous audit inspections.
C) serial number and supplier.
D) insurance cover.

Question

Quizplus · Accepted Answer

The plant register typically includes details such as cost, accumulated depreciation, serial numbers, suppliers, and insurance cover. It is not common for a plant register to record the dates of previous audit inspections, as this information is more relevant to audit documentation and not the tracking of physical assets' financial and operational details.

Entities Frequently Maintain a Plant Register as a Subsidiary Ledger