Skip to content
MCQtimes.com
GK
Pakistan Studies
Current Affairs
Islamic Studies
English
MCQtimes.com
Toggle Menu
Auditing
Home
/
Auditing
- Page 58
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
Annual Budget
Which of the following can the government not use directly to control the economy?
Pay rates within the private sector
Pay rates in the public sector
Investment in education
Benefits available for the unemployed and sick
Author:
rikazzz
Comment
Advance Accounting and Auditing
When preparing balance sheet of a company. Goodwill, patents, Trade mark and designs come under the head of :
Fixed assets
Fictitious assets
Current assets
Miscellaneous Expenditure
Author:
rikazzz
Comment
Settlement of Audit Objections
Inspection report/receiving report supports entries in:
sales book and sales return book
purchase book and sales return book
cash book and purchase book
Sales book and purchase return book
Author:
rikazzz
Comment
Annual Budget
Which does the government not control directly?
Spending on health
Spending on defense
Firm’s investment decisions
Spending on education
Author:
rikazzz
Comment
Annual Budget
The two dominant forms of budgeting are traditional budgeting and ____________
Zero based budgeting
Fiscal based budgeting
Revenue based budgeting
None of these
Author:
rikazzz
Comment
Annual Budget
In Pakistan income tax is:
Progressive tax
Proportional
Direct
Both A and C
Author:
rikazzz
Comment
Annual Budget
Devaluation leads to:
Increase in imports
Increase in exports
Decline in imports
None of these
Author:
rikazzz
Comment
Advance Accounting and Auditing
The direction of testing from the source documents to the accounting record is called:
Vouching
Sampling
Tracing
Verification
Author:
rikazzz
Comment
Scrutiny of Record for Audit Purpose
The auditor has noticed existence of recurring losses sales of fixed assets this indicates
depreciation charges are insufficient
policy of sale or disposal of fixed assets needs to be reviewed
the sale of assets has not been properly authorized
accounting errors
Author:
rikazzz
Comment
Annual Budget
Which is the mostly likely purpose of budgeting?
Planning and control of an organization’s income and expenditure
Preparation of a five-year business plan
Company valuation
Assess the non-financial performance of an organization
Author:
rikazzz
Comment
Page navigation
Previous Page
Previous
1
…
56
57
58
59
60
…
69
Next Page
Next
Go to Page
Light
Dark
GK
Pakistan Studies
Current Affairs
Islamic Studies
English