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Auditing
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Advance Accounting and Auditing
90
Scrutiny of Record for Audit Purpose
44
Mini Budget
18
Audit Evidence
1
Audit
82
Annual Budget
209
Internal Control
9
Settlement of Audit Objections
234
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Advance Accounting and Auditing
In Pakistan commercial bank can be formed and is registered under the:
Companies Ordinance 1984
Banking companies ordinance 1962
State Bank of Pakistan Act 1956
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
All the direct expenses charged to:
Balance sheet
Profit and loss account
Trading account
None of these
Author:
rikazzz
Comment
Annual Budget
What are the Receipts or total resources of revenue of Budget?
Tax Revenue
Gross Revenue Receipts
Non Tax Revenue
All of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
Payment should be made preferable through:
Cross Cheque
Bank Draft
Pay order
Cash Basis
Author:
rikazzz
Comment
Audit
When is evidential matter, generally, considered sufficient
When it constitutes entire population
When it is enough to provide a basis for giving reasonable assurance regarding truthfulness
When it is objective and relevant
When auditor collects and evaluates it independently
Author:
rikazzz
Comment
Advance Accounting and Auditing
The business form(s) in which the owner (s) is (are) personally able is (are) the:
Partnership only
Proprietorship only
Corporation only
None of these
Author:
rikazzz
Comment
Annual Budget
Which of the following is not a functional budget?
Labor budget
Cash budget
Materials budget
Expenses budget
Author:
rikazzz
Comment
Annual Budget
The overall summary budget encompassing all the individual budgets is called as:
Flexible budget
Master budget
Production budget
None of these
Author:
rikazzz
Comment
Audit
Which of the following report not result in qualification of the auditor’s opinion due to a scope limitation?
Restrictions the client imposed
Reliance on the report of other auditor
Inability to obtain sufficient appropriate evidential matter
Inadequacy of accounting records
Author:
rikazzz
Comment
Settlement of Audit Objections
The auditor should examine subsequent realization of revenue such as dividends, interest, commission, etc. to:
identify cases of unrecorded revenue
ensure proper disclosure in the balance sheet
recomputed accrued income on the data of balance sheet
Any of these
Author:
rikazzz
Comment
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