Important Question BSNL JAO
1. An auditor can be held liable under C.A. Act, 1949 for
(a) Negligence.
(b) Criminal offence
(c) Professional misconduct.
(d) Breach of contract.
Ans c
2. If an auditor is found guilty of falsification of company books, he will incur
(a) Criminal liability.
(b) Civil liability
(c) Contractual liability.
(d) None of these.
Ans a
3. A chartered Accountant sent circular letters soliciting work can he be held liable
(a) For misfeasance.
(b) For negligence.
(c) Criminally
(d) For professional misconduct.
Ans d
4. The main object of audit of accounts of a partnership firm is to
(a) Meet the statutory requirements
(b) Increase the profits
(c) Increase the goodwill
(d) Detect errors and frauds.
Ans d
5. Auditing is compulsory in the case of
(a) Sole tradership.
(b) Partnership.
(c) Joint stock companies.
(d) All of these.
Ans b
6. Auditing can be defined as
(a) Preparation of books of accounts.
(b) Examination of books of accounts.
(c) Rendering expert advice to management regarding accounting matters.
(d) Checking that accounts are correct.
Ans c
7. Government audit means
(a) Auditing of the accounts of Government departments.
(b) Auditing of companies by persons appointed by the Government.
(c) Audit under the provisions of law.
(d) Audit of Government company.
Ans a
8. Cost audit means
(a) Auditing the cost of goods produced.
(b) Audit of cost accounts.
(c) Audit by a cost accountant.
(d) Audit by A.C.A. of accounts.
Ans b
9. It is a right of the company auditor to have access
(a) To the books of account of the company.
(b) To the books of accounts and vouchers of the company.
(c) To all the statutory, statistical, costing and account books and vouchers of the company.
(d) None of these.
Ans c
10. A voucher is a
(a) Document in support of an entry made in the books of accounts.
(b) Invoice received from suppliers.
(c) Receipt issued to a customer for cash recieved.
(d) All of these.
Ans d
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