Senior Auditor Past Paper 2021 (2ND BATCH) Solved MCQs

Senior Auditor Past Paper 2021 (2ND BATCH) Solved MCQs For preparation.

Bid must be open

1. Publicly
2. Privately
3. All
4. None

He is taller than_____.

1. I
2. me
3. is
4. None

Which cover the capital expenditure, budgeted statement of cash flows and balance sheet that part of the master budget are classified as :

1. Financial budget
2. Capital budget
3. Cash flows budget
4. None

The difference between the budgeted amounts and the actual results is classified as:

1. Standard deviation
2. Variances
3. Mean average
4. None

In which the contract holder has the right to cell an asset at specific period for predetermining price that contract is classified as :

1. Written value
2. Featured contract
3. Determined contract
4. None

In developing operating budget the third step is :

1. Analysis of batches
2. Analysis of products
3. Making predictions about future
4. None

In developing operating budget the last step is ?

1. Implementing income
2. Efficient Implementation
3. Implementing the decision
4. None

I am senior____.

1. to him
2. than he
3. than him
4. None of these

He ____ go .

1. must
2. ought to
3. Both A&B
4. None of these

He runs ______.

1. Fastly
2. Fast
3. A&B both
4. None of these

He and ______ are playing.

1. I
2. Am
3. is
4. are

Only son of the farmer is _______ .

1. Dead
2. died
3. Deadly
4. None of these

Servant is making tea .

1. Verb of Movement
2. Verb of Action
3. Verb of Existence
4. None of these

The teacher told me frankly that the son __________failed .

1. will
2. Would
3. Should
4. None of these

This book ____ to him by me.

1. Given
2. will given
3. was given
4. None of the above.

Vitamins ___ our body fit.

1. Keep
2. Will kept
3. shall keeping
4. None of these

I make him ______ a letter for me.

1. to write
2. wrote
3. writing
4. None of these.

I as well as he ______ in the meeting

1. Is
2. Am
3. Are
4. None of these

How many types of competitive bidding request are

1. 3
2. 4
3. 5
4. 6

How many security must be submitted for bid?

1. 6 %
2. 3 %
3. 5 %
4. none

You need not_____ me this question .

1. to ask
2. that ask
3. the ask
4. none

First step in accounting is to

1. identify
2. Record transaction
3. Post in ledgers
4. All

This policy has been quite.

1. Succeeded
2. Successfully
3. Successful
4. None of the above.

Retained earning is a synonym of

1. Cumulative net earning
2. Non Cumulative net earning
3. Both
4. None

Which thing increase assets and decrease liabilities

1. Payment of bank loan
2. credits
3. All
4. None

During rising price which inventory method provide lowest profit

1. FIFO
2. LIFO
3. Both
4. None

What means identify recording and communicating information

1. Accounting
2. Expenses
3. revenue
4. All

A bid should be published in how many ways?

1. Electronic media
2. News paper
3. Both
4. None

What is the minimum response time for a bid after advertisement

1. 15 days
2. 12 days
3. 10 days
4. None

Bid must be submitted in

1. Packages
2. Installments
3. Both
4. None

In financial accounting main purpose is to provide information to

1. Investors and creditors
2. Debtors
3. Capital
4. None

cost apportionment is used for which purpose

1. Distribution of various overhead items
2. Distribution of various goods
3. collection of various overhead items
4. All

Purpose of depreciation is :

1. Helps to tie the cost of an asset with the benefits of its use over time
2. Helps to tie the cost of an asset
3. Helps to tie the sale of an asset with the benefits of its use over time
4. None

A company is not allowed to raise funds by issue of shares beyond the maximum amount is :

1. Issued capital
2. Reserved capital
3. Nominal capital
4. None

Which of following defines right shares are the shares ?

1. Issued by a newly formed company
2. Legally issued to a public at large
3. Offered to the existing equity shareholders
4. None

The purpose to maintain purchase book is to record

1. All credit purchases
2. All cash purchases
3. Purchase of goods
4. None

Which of following instrument is not a negotiable instruments?

1. Bearer cheque
2. Crossed cheque
3. Promissory note
4. none

If the date of maturity of a bill is a holiday then bill will mature on :

1. Holiday itself
2. Other agreed day
3. Preceding working day
4. None

The meaning of reserve capital is :

1. Part of subscribed uncalled capital
2. Accumulated profit
3. Part of capital reserve
4. None

The balance in petty cash is :

1. Liability
2. Income
3. Asset
4. None