Skip to content
MCQtimes.com
GK
Pakistan Studies
Current Affairs
Islamic Studies
English
MCQtimes.com
Toggle Menu
Auditing
Home
/
Auditing
- Page 32
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
Show/Hide Answers
Audit
For which of the following, audit is optional?
Trusts
Joint stock companies
Proprietorship concern
None of these
Author:
rikazzz
Comment
Audit
If the auditor assesses control risk as high ________
Document the conclusion
Documents the reasons along with conclusions
Perform tests of control
perform walk through tests
Author:
rikazzz
Comment
Annual Budget
Every Money Bill presented to the President for assent shall bear a certificate under the hand of the ___________ that it is a Money Bill, and such certificate shall be conclusive for all purposes and shall not be called in question.
A cash budget sets out all cash receipts and payments that a business excepts to make over a period of time
Cash budgets are usually prepared on a month-to -month basis
Cash budgets show the expected bank balance at the end of the month
Cash budgets include personal cash receipts and expenses
Author:
rikazzz
Comment
Annual Budget
Developing economies usually have:
Low GDP per capita
Low CPI
Large balance of payments surplus
Large budget surplus
Author:
rikazzz
Comment
Annual Budget
__________ is the creation of a completely new budget from the ground up-as if no history existed. When using this method, the operation must justify and document every item of expenditure and income. Brand-new operations will utilize zero-based methods.
Zero based budgeting
Fiscal based budgeting
Revenue based budgeting
Traditional budgeting
Author:
rikazzz
Comment
Annual Budget
The Public Sector Net Cash Requirement (PSNCR) is:
A measure of the country’s trade position
A measure of the country’s budget position
A measure of the country’s total debt
A measure of the government’s monetary stance
Author:
rikazzz
Comment
Scrutiny of Record for Audit Purpose
while vouching, how will the auditor ensure himself that all credit sales transactions have been recorded by the entity
examining cutoff points
matching entries in the sales book against renumbered sales invoices and goods outward notes
counting the number of invoices and matching the number with entries on sales book
both (a) and (b)
Author:
rikazzz
Comment
Settlement of Audit Objections
Tracing selected shipments to the sales journal to be sure that each one is included is a test of which of the following:
Accuracy
Classification
Completeness
Existence
Author:
rikazzz
Comment
Advance Accounting and Auditing
A cooperative society is registered under cooperative society act of:
1925
1939
1954
1948
Author:
rikazzz
Comment
Advance Accounting and Auditing
Which of the following would be least likely to be considered a control objective?
Safeguarding assets
Detecting management fraud
Accuracy of accounting data
Adherence of managerial policies
Author:
rikazzz
Comment
Page navigation
Previous Page
Previous
1
…
30
31
32
33
34
…
69
Next Page
Next
Go to Page
Light
Dark
GK
Pakistan Studies
Current Affairs
Islamic Studies
English