a. Examination of accounts of business units only
B. Preparation and checking of accounts
c. c)Examination of accounts by professional accountants
d. d)Checking of vouchers
a. Detection of errors
B. To find out whether P&L a/c and B/S show true and fair state of affairs
c. Detection of frauds
d. Non of the above
a. Joint stock company
B. Partnership firm
c. Small shop-keeper
d. Government company
a. That it does not reveal complete picture
B. That it does not guarantee accuracy of accounts
c. That auditor may be biased
d. All of the above
a. By independent auditor
B. Statutorily appointed auditor
c. By a person appointed by the management
d. By a Government auditor
a. Audit of accounts at the end of the year
B. Finally checking of accounts to reveal frauds
c. audit for submitting report immediately at the end of year
d. audit of banking companies
a. 1 st April,1956
B. 1 stApril, 1949
c. 1 st July,1956
d. 1 st July,1949
a. Audit of two concerns together
B. Audit of joint stock companies
c. Audit of joint sector companies
d. Audit of two firms of C.A.
a. Hearing of accounts
B. Hearing of system
c. Hearing of report
d. None of the above
a. Internal check
B. Internal audit
d. Internal control
a. To detect frauds and errors
B. To prevent frauds and errors
c. Both (a) and (b)
d. Neither (a) nor (b)
B. Audit planning
d. Internal check
a. Examine cash book
B. Examine cash memos
c. Examine the counterfoil of pay in slops
d. Examine balance sheet
a. Internal control.
B. Internal check.
c. Internal audit.
d. None of the above.
a. Statutory and private audit.
B. Government and continuous audit.
c. Continuous, final, Interim, Cash, Cost and Management audit.
d. None of these.
a. Statutory audit.
B. Partial audit.
c. Complete audit.
d. Continuous audit.
a. Internal audit.
B. Interim audit.
c. Final audit.
a. Cash receipt.
B. Cash payment.
c. Credit transactions.
d. All the above.
a. System of internal control
B. Check all transaction
c. Documentary evidence for every transaction
d. All of the above.
a. Credit notes and delivery challans.
B. Whether cash has been repaid to the client
c. Purchase invoices and goods received notes.
d. Credit notes and goods received notes.
a. Ensures all items are disclosed in the financial statement as per Schedule VI provisions
B. It helps to verify whether entries are passed as per acceptable accounting principles.
c. Helps in detection and prevention of errors & frauds
d. All the above
a. Systematic and independent examination
B. Stated purpose
c. Collects and evaluates the evidence
Each set has max 25 mcqs
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