B.Com 3rd Year Auditing Online Test

110, Showing profits more than actual profits is termed as –

109, Cost Audit is……… object of Auditing.

108, Which of the following is a limitation of Auditing?

107, Which of the following is not correct about fraud?

106, Which of the following is a tactic of manipulation in accounts –

105, Which of the following is objective of showing profit less than actual –

104, Which of the following is objective of showing of profits more than actual –

103. Auditing safeguards the interests of the –

102. Basic principles which govern auditing is –

101. Auditing is useful –

100. In comparison to book-keeping, accountancy is a ……… concept.

99. Which one of the following is not an advantage of auditing?

98, Auditing is compulsory for –

97, Auditing is done on the basis of –

96, Investigation is initiated by –

95, Which of the following is the object of investigation?

94, Main object of manipulation in accounts by the owner or management is –

93, Domestic use of official telephone is –

92, Domestic use of official sopha is –

91, Allocation of labourers in the construction of personal building engaged in the construction of official building is………….

90, Which of the following is a misappropriation of Goods?

89, Which of the following is a misappropriation of cash?

88, Which of the following is a type of fraud?

87, Goods sold to Ram of Rs. 200 but no entry is made in the sales book. This is a –

86, Hari’s account was credited by Rs. 900 instead of Rs 90 whereas Ram’s account was over debited by Rs. 810. This is a –

85, Old machinery sold for Rs. 10,000 but credited to sales account is –

84, Which of the following does not affect the agreement of Trial Balance –

83, The error which can be detected by the Trial Balance is –

82, The error which affect both the sides of Trial Balan equally termed as –

81, The amount of Rs. 232 is entered as Rs. 322 in the bo of original entry, the error is –

80, Goods sold to Shyam of Rs. 600 and entry for sales is made in the sales book but is omitted from the accounts of the Shyam, the error is –

79, Ram’s account was excess debited by 500 where Shyam’s account was under debited by 500 is……..

78, Received 800 from Vibhav but credited his account 8,000 is…………

77, Furniture purchased for 50,000 but Purchase Ale debited. The error committed here is –

76, Purchase of Rs. 4,100 is entered as Rs. 1,400 in of accounts is a –

75, Errors which arise on account of transactions not being recorded in the books of accounts, either wholly or partially are termed as –

74, When a transaction is recorded with a wrong amount in the books of accounts, it is termed as-

73, When incorrect entries are made in the books of accounts either wholly or partially, the error is –

72, When there are two or more errors, which exactly counter balance each other, are termed as –

71, Errors arise due to ignorance of fundamental principles of accounting is termed as –

70, Entering capital expenses as revenue expenses in the books of accounts is –

69, Main cause of errors is –

68, Main types of errors are –

67, Subsidiary object of Auditing is –

66, Auditing is an examination of books of accounts

65, Which of the following is not true in case of Book keeping?

64, Which of the following is not a function of Book-keeping –

63, The art of writing business transactions in books of accounts is termed as –

62, Audit of Insurance Companies is –

61, Audit of Co-operative Firm is –

60, Audit of Trust is –

59, If a partnership firm makes its audit, it is called –

58, Audit is compulsory in –

57, Audit for business of sole trading is -s

56, Auditing is mandatory for –

55, Audit of public company is –

54, Generally auditing is not necessary for small sole trading business because –

53, For a betel shopkeeper, Auditing is –

52, For every business Accountancy is –

51, For Reliance Company Auditing is –

50, Protection of investors is……….. object of auditing –

49, Protection from evasion of Tax is………. object of auditing:

48, To render suggestions to the manager is ………. object of the auditor –

47, Verification of annual statement is………. object of auditing –

46, To examine the books of accounts is the ………. object of auditing –

45, For a Retailer, Auditing is –

44, In an Auditor the knowledge of Book-keeping and Accountancy is –

43, For every business Accountancy is –

42, Where Investigation begins, there………

41, Auditing beings where……….

40, Accountancy begins where………..

39, Where Book-keeping ends, there……….

38, Prevention of fraud is……….. Object of auditing.

37, Which of the following is the function of Auditor –

36, The principal object of auditing is –

35, Under which Act Audit is compulsory

34, Auditor examines and verifies the –

33, Auditing can be defined as –

32, Auditing is related with –

31, Fellow members of ICAI can write….. name –

30, Which of the following Auditing Standard is related with the auditor’s responsibility to consider Fraud and Error in an audit of Financial Statement –

29, Standard Auditing Practice related by objective and scope of the Audit of Financial Statement is –

28, Basic principles governing an audit are described in –

27, Auditing Practising Committee (APC) was established by

26, Auditing Practising Committee (APC) was set-up in –

25, International Federation of Accountants (IFAC) was set up in –

24, Head office of ICAI is situated at –

23, Institute of Chartered Accountants of India (ICAI) is a…….

22, Number of standards issued by Institute of Chartered Accountant of India is –

21, ‘Auditing Practice Committee’ is now renamed –

20, High moral character of an auditor is –

19, Technical knowledge of Auditing is –

18, An auditor should not be

17, An auditor should have –

16, An auditor should be –

15, Chartered Accountants are –

14, “Auditor is a watch dog and not a blood-hound.” decision was given in the case of –

13, An auditor is like a ………. dog.

12, The function of an Auditor is –

11, Who can be an Auditor

10, Auditing is –

9, The principle of double entry book-keeping system published by –

8, When Double Entry System was invented –

7, When Institute of Chartered Accountant of India established?

6, When the audit of Company Accounts was made compulsory in England –

5, When the Chartered Accountant Act of India was made:

4, Which of the following governments in India followed the education of Accountancy first –

3, When the audit of Company Accounts was made compulsory in India.

2, Auditing is derived from the Latin Word –

1, Which country gave recognition to Auditing first in the Companies Act –