Auditing Quiz
1. Auditing is :
a) An Art
b) A Science
c) Both (a) & (b)
d) None of the Above
2. Which of the following is the function of Auditor?
a) To examine the arithmetical accuracy of accounts
b) To detect and prevent the errors
c) To detect and prevent the frauds
d) All of the above
3. Accountancy begins Where :
a) Book-keeping ends
b) Auditing ends
c) Investigation ends
d) None of the Above
4. Who can be an Auditor?
a) Commerce Graduate
b) Law Graduate
c) Cost Accountant
d) None of the Above
5. For every business accountancy is :
a) Luxury
b) Necessity
c) Symbol of prestige
d) None of the Above
6. Auditing begins, where:
a) Book-keeping ends
b) Auditing ends
c) Investigation ends
d) None of the Above
7. For a betalshopkeeper, Auditing is :
a) Luxury
b) Necessity
c) Economic
d) None of the Above
8. Where investigation begins, there :
a) Book-keeping ends
b) Auditing ends
c) Accountancy ends
d) None of the Above
9. Where book-keeping ends, there:
a) Auditing begins
b) Accountancy begins
c) Investigation begins
d) None of the Above
10. Under which act Audit is compulsory?
a) Partnership Act 1932
b) Indian Companies Act 1956
c) None of the Above
d) Both (a) & (b)
11. For Tata Co. Auditing is :
a) Luxury
b) Necessity
c) Symbol of prestige
d) None of the Above
12. Auditing can be defined as :
a) Preparation of books of accounts
b) Examination of books of accounts
c) None of the Above
d) Both (a) & (b)
13. An Auditor should be :
a) Honest
b) Fearless
c) Patient
d) All of the above
14. An Auditor should not be :
a) Honest
b) Tactful
c) Patient
d) Suspicious
15. Technical knowledge of Auditing is :
a) Original
b) Acquired
c) Born
d) None of the Above
16. An Auditor should have :
a) Morality
b) Tactfulness
c) Honest
d) All of the above
17. High moral character of an auditor is :
a) Born qualities
b) General qualities
c) Acquired knowledge
d) None of the Above
18. Domestic use of official telephone is :
a) Embezzlement of labour
b) Embezzlement of property
c) Embezzlement of facility
d) None of the Above
19. Purchase a machinery for Rs. 2000 but debited to purchase a Account is _______
a) Clerical error
b) Error of principle
c) Compensating error
d) None of the Above
20. Cost audit is ________ object is Auditing.
a) Primary
b) Subsidiary
c) Specific
d) None of the Above
To be continue ........
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