B.Com 3rd Year Auditing Online Test

42. Weakness in Internal Control System…….. the risk of fraud and errors –

41. Payment for goods purchased should be vouched the help of –

40. An expenditure is a revenue expenditure if –

39. An expenditure is capital expenditure if –

38. What is the correct sequence of the following assignments –

37. Goods returned by customers should be entered in –

36. A receipt is a revenue receipts if –

35. A loss is termed as capital loss, if

34. A receipt is termed as capital receipt, if –

33. Youching of opening entries should be done from –

32. Various entries such as adjustment, transfer, rectification of errors, opening and closing entries etc. are recorded in –

31. The auditor should compare the sales return book with the –

30. The auditor should compare the Purchase Return Book with the –

29. “Vouching is the backbone of auditing”, this statement is related to the suit –

28. Best option of payment is –

27. Addition of books come under the scope of……….

26. Examination of vouchers come under the scope of……..

25. Under vouching checking is done of –

24. Which one of the following is true –

23. Which of the following is termed as backbone of Auditing?

22. Which of the following should be in vouchers –

21. Voucher related to payment should be signed by –

20. Voucher is a –

19. Amount should be written on voucher in –

18. Vouchers should be concerned with –

17. A voucher may be a receipt, an invoice, an agreement, a requisition slip, or in short, any suitable written evidence which confirms a written transaction”. This is defined by –

16. “A voucher may be defined as any documentary evidence by which the accuracy of book entries may be substantiated”. This is defined by –

15. Vouching implies –

14. Which of the following is correct –

13. Vouching is –

12. Routine check and vouching both are –

11. Work of vouching is done by –

10. Main object of vouching is –

9. Vouching includes –

8 . Back bone of auditing is said to –

7. “Vouching is a technical term”. This statement is of –

6. “Vouching is the essence of Auditing”. This statement of –

5. Vouching is related with –

4. Under vouching checking is done of –

3. Vouching is –

2. “Vouching is the examination and authentication of underlying evidence which is in support of the accuracy of a transaction”. This definition is given by –

1. “Vouching means testing the truth of the items appearing in the books of original entry”. This is defined by –