Telephone charges should be examine on the basis of ________________ (A) cash memo (B) telephone bill (C) all the above (D) agreement with telephone department 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
________________ is not an error of Commission (A) mathematical error (B) compensating error (C) posting error (D) none of the above 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Stock of goods on consignment should be valued at ________________ (A) none of the above (B) invoice price (C) cost of realizable value whichever is lower (D) cost price 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Secret reserves are shown on ________________ (A) assets side of balance sheet (B) credit side of trading account (C) liabilities side of balance sheet (D) none of the above 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
To select a sample for Audit, the auditor should consider ________________ (A) all the bellow (B) the size of the sample (C) the volume of transactions (D) adequacy of internal control system 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
_______________ document is not relevant for vouching cash purchases (A) purchase order (B) goods inward register (C) purchase invoice (D) attendance record of cashier 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
The main objective of Window Dressing is ________________ (A) increase liability (B) to mislead investors (C) to reduce tax liability (D) to understate profits 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Debtors are valued at ________________ (A) realizable value (B) as per articles of association (C) book value (D) decided by the customer 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
________________ incorporates both Accounting and Administrative Controls. (A) internal control (B) internal check (C) statutory audit (D) internal audit 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Audit programme should be ________________ (A) flexible (B) rigid (C) oral and flexible (D) oral 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
