Skip to content
MCQtimes.com
GK
Pakistan Studies
Current Affairs
Islamic Studies
English
MCQtimes.com
Toggle Menu
Auditing
Home
/
Auditing
- Page 41
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
In comparison to the independent auditor, an internal auditor is more likely to be concerned with
Cost accounting system
internal control system
Legal compliance
Accounting system
Author:
rikazzz
Comment
Settlement of Audit Objections
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
The performance of tests of control is documented in:
audit programme
flow charts
working papers
any of the above
Author:
rikazzz
Comment
Settlement of Audit Objections
The audit that is made compulsory under statute is called:
Statutory audit
Partial audit
Complete audit
Continuous audit
Author:
rikazzz
Comment
Annual Budget
An outward shift in the Marginal Efficiency of Capital should:
Decrease consumption
Increase aggregate demand
Reduce aggregate supply
Slow economic growth
Author:
rikazzz
Comment
Advance Accounting and Auditing
The addition of Material and Labor called:
Conversion cost
Prime cost plus factory overheads
Financial cost
Absorption cost
Author:
rikazzz
Comment
Advance Accounting and Auditing
Prime cost is calculated as under:
Manufacturing cost + Cost of Goods sold
Direct material plus factory overheads
Direct Labor + Direct Material
None of these
Author:
rikazzz
Comment
Annual Budget
Pakistan fiscal year starts from:
1st September
1st January
1st April
1st July
Author:
rikazzz
Comment
Scrutiny of Record for Audit Purpose
While vouching how wills the auditor ensures him that all credit sales transactions have been recorded by the entity?
Examining cutoff point
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
Annual Budget
What is meant by an incremental budget?
A budget prepared from first principles
The variable elements of a budget, excluding fixed costs
A budget that is based on the previous year, adjusted for known changes
A budget that breaks even
Author:
rikazzz
Comment
Page navigation
Previous Page
Previous
1
…
39
40
41
42
43
…
69
Next Page
Next
Go to Page
Light
Dark
GK
Pakistan Studies
Current Affairs
Islamic Studies
English