In gases the flow of current is due to (A) Electrons only (B) Positive ions only (C) Electrons and positive ions (D) Electrons, positive ions and negative ions 0 Electrical Engineering MCQs Author: MCQs Master Report : If answer is wrong. May 15, 2022
Who is responsible for the appointment of statutory auditor of a limited company? (A) Directors of the company (B) Members of the company (C) The Central Government (D) All of the above 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Which of the following will not lead to creation of secret reserve? (A) Undervaluation of closing stock (B) Charging capital expenditure to revenue (C) Goods sent on consignment being shown as actual sales (D) Charging higher rates of depreciation on fixed assets than actually required 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Which of the following is a revenue reserve? (A) Capital redemption reserve (B) Security premium account (C) Debenture redemption reserve (D) Capital reserve 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
A company has bought patents. Which of the following methods is most suitable forproviding depreciation on them? (A) SLM (B) WDV (C) Sum of year digits (D) Any of the above 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Schedule XIV has prescribed rates of depreciation for double shift and triple shiftworking for which one of the following assets? (A) Building (B) Plant and Machinery (C) Furniture and fittings (D) Ships 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Which of the following Schedule of the Companies Act, 1956 deals with depreciations? (A) Schedule XIV (B) Schedule V (C) Schedule XIII (D) Schedule X 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Depreciation does not arise form _______ (A) Effluxion of time (B) Use (C) Obsolescence through technology be market changes (D) Remarket expectation 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Which of the following expenses should not be treated as capital expenditure? (A) Expenses paid on installation of a plant. (B) Cost of dismantling a building in case a new building is to be constructed on the land (C) Legal expenses incurred to defend a suit related to title of patent. The suit has been lost (D) The fees paid to engineer who constructed the plant. 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
Receipts from sale of investments should be vouched with the help of (A) Brokers bought notes (B) Brokers Sold notes (C) Minutes book (D) Inventory of investment 0 Auditing MCQs Author: MCQs Master Report : If answer is wrong. May 14, 2022
