Senior Auditor Past Paper 2017

Q61: Which of the following is an archive file?

مندرجہ ذیل میں سے کون سا محفوظ شدہ دستاویزات فائل ہے؟

A file of accounts receivable that have been written off

An accounts payable subsidiary ledger

A cash receipts file

None of these

Q62: The order of the entries made in the ledger is by ______?

لیجر میں کی گئی اندراجات کا حکم ______ کے ذریعہ ہے؟

Date

Transaction number

Account number

None of these

Q63: 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

Q64: 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

Q65: Leaders perform ______?

قائدین ______ انجام دیتے ہیں؟

International roles

Decisional roles

Informal roles

None of these

Q66: Share premium money can be used for _______?

شیئر پریمیم رقم _______ کے لئے استعمال کی جاسکتی ہے؟

Issue of fully paid bonus shares

Payment of dividends

Write-off of goodwill

None of these

Q67: Which best describes a batch process General Ledger System (GLS)?

کون سا بیچ عمل جنرل لیجر سسٹم (جی ایل ایس) کی بہترین وضاحت کرتا ہے؟

Paper documents are eliminated

The general ledger master file is updated each night

There is a time lag between transaction processing and posting to the general ledger

None of these

Q68: Which of the following is not a characteristic of a defined-contribution plan?

مندرجہ ذیل میں سے کون سا شراکت کے منصوبے کی ایک خصوصیت نہیں ہے؟

The benefit of gain or the risk of loss from the assets contributed to the pension fund are borne by the employee

The employer's contribution each period is based on a formula

The benefits to be received by employees are usually determined by an employee's three highest years of salary defined by the terms of the plan

The accounting for a defined-contribution plan is straightforward and uncomplicated

Q69: Every business transaction affects at least _______ accounts.

ہر کاروباری لین دین کم از کم _______ اکاؤنٹس کو متاثر کرتا ہے۔

Infinite

One

Two

None of these

Q70: If the profit is 1/4 of the sales, then it is _______?

1/2 of the cost price

1/4 of the cost price

1/3 of the cost price

None of these