Senior Auditor 15 Years Past Papers

Q471: Choose the correct indirect sentence: I said to Hamid, “Always speak the truth”.

I request Hamid to speak the truth always

I advised Hamid to speak the truth always

I asked Hamid to speak the truth

None of these

Q472: Which of the following statements is TRUE? Assets = Liabilities - Capital, Assets = Capital + Liabilities,Capital = Assets - Liabilities, None of these

مندرجہ ذیل میں سے کون سا بیان سچ ہے؟

Assets = Liabilities - Capital

Assets = Capital + Liabilities

Capital = Assets - Liabilities

None of these

Q473: Calculate the gross profit/loss if sales Rs. 60000, cost of sales Rs. 50000, opening stock Rs. 10000; purchases Rs. 40000; wages Rs. 20000, and office rent Rs. 10000.

Profit Rs. 10000

Loss Rs. 10000

Loss Rs. 20000

None of these

Q474: Leaders perform ______?

قائدین ______ انجام دیتے ہیں؟

International roles

Decisional roles

Informal roles

None of these

Q475: The title of AASÂ2 issued by Council of ICAI is ________?

Objective and Scope of Financial Statements Audit

Objective and Scope of the Financial Statements

Objective and Scope of the Audit of Financial Statements

None of these

Q476: Which of the following best describes the application of generally accepted accounting principles to the valuation of accounts receivable?

مندرجہ ذیل میں سے کون سے قابل وصول اکاؤنٹس کی تشخیص کے لئے عام طور پر قبول شدہ اکاؤنٹنگ اصولوں کے اطلاق کی وضاحت کرتا ہے؟

Matching principle — The loss due to an uncollectible account is recognized in the period in which the sale is made, not in the period in which the account receivable is determined to be worthless.

Realization principle — Accounts receivable are shown at their net realizable value in the balance sheet.

Cost principle — Accounts receivable are shown at the initial cost of the merchandise to customers, less the cost the seller must pay to cover uncollectible accounts.

None of these

Q477: An educated person is never _____ complainatory.

So

Too

Such

None of these

Q478: Which of the following is not an element of credit policy?

مندرجہ ذیل میں سے کون کریڈٹ پالیسی کا عنصر نہیں ہے؟

Sales price

Collection policy

Credit terms

None of these

Q479: Which of the following is a revenue reserve?

مندرجہ ذیل میں سے کون سا ریونیو ریزرو ہے؟

Capital redemption reserve

Security premium account

Capital reserve

None of these

Q480: A feasibility study considers all of the aspects of project, including _______?

ایک فزیبلٹی اسٹڈی پروجیکٹ کے تمام پہلوؤں پر غور کرتا ہے ، بشمول _______؟

Market demand

Availability of time and capacity

Financial resources

All of these