Senior Auditor 15 Years Past Papers

Q511: Ayub Khan handed over power to General Yahya on _____?

ایوب خان نے _____ پر جنرل یحییٰ کے حوالے کیا؟

25th April 1969

25th March 1969

25th October 1969

None of these

Q512: Which of the following business forms of business organization is least regulated?

کاروباری تنظیم کی مندرجہ ذیل کاروباری تنظیموں میں سے کون سے کم سے کم باقاعدہ ہے؟

Corporation

Sole proprietorship

General Partnership

None of these

Q513: Net profit is equal to ______?

خالص منافع ______ کے برابر ہے؟

Sales less cost of sales and operating expenses

Gross Profit less operating expenses

Both A and B

None of these

Q514: Which of the following sections deal with the qualification of the auditor?

مندرجہ ذیل میں سے کون سا سیکشن آڈیٹر کی قابلیت سے نمٹتا ہے؟

Section 224 (3) and section 224 (4)

Section 226 (1) and section 226 (2)

Section 224 (1) and section 224 (2)

None of these

Q515: The income statement should be prepared _______?

آمدنی کا بیان ______ تیار کیا جانا چاہئے؟

After the balance sheet and before the retained earnings statement

Before the retained earnings statement and balance sheet

After the retained earnings statement and before the balance sheet

None of these

Q516: An Accounting Officer or Chief Executive may delegate the procurement function of procuring entity to _______?

ایک اکاؤنٹنگ آفیسر یا چیف ایگزیکٹو حصول کے حصول کی خریداری کے کام کو _______ پر دے سکتا ہے؟

Another procuring entity

A third part procurement agents

A sub-division of that entity

None of these

Q517: T-shirt City uses a periodic inventory system. During the first year of operations, the company made four purchases of a particular product. Each purchase was for 500 units and the prices paid were $9 per unit in the first purchase, $10 per unit in the second purchase, $12 per unit in the third purchase, and $13 per unit in the fourth purchase. At the year-end, 650 of these units remained unsold. Compute the cost of goods sold under the FIFO method and LIFO method, respectively.

$16,000 (FIFO) and $13,700 (LIFO)

$13,700 (FIFO) and $16,000 (LIFO)

$8,300 (FIFO) and $6,000 (LIFO)

None of these

500 units @ $9 = $4,500

Q518: Assuming a single journal entry is made to adjust Quinn Company's accounting records at January 31, the journal entry includes ______?

فرض کریں کہ 31 جنوری کو کوئن کمپنی کے اکاؤنٹنگ ریکارڈز کو ایڈجسٹ کرنے کے لئے ایک ہی جریدے کا اندراج کیا گیا ہے ، جرنل کے اندراج میں ______ شامل ہے؟

A credit to Cash for $450.

A debit to Rent Expense for $90.

A credit to Accounts Receivable, G. Denton, for $426.

None of these

Q519: Which item comes under financial activities in cash flow?

نقد بہاؤ میں کون سی آئٹم مالی سرگرمیوں کے تحت آتا ہے؟

Interest paid

Redemption of Preference Share

Issue of Preference Share

All of these

Q520: Bonds with longer maturities generally have ______ interest rate risk.

لمبی پختگی والے بانڈز میں عام طور پر ______ سود کی شرح کا خطرہ ہوتا ہے۔

Lower

Higher

Depends on the type of bond

None of these