The board of directors shall appoint first auditor of a company

Auditing Mcqs Capital And Revenue Expenditure 16/01/2023

A. With in one month of completion of capital subscription state of the company
B. With in one month of the promotion of the company
C. With in one month of the commencement of the business of the company
D. With in one month of incorporation of the company

Related Mcqs:

    Which of the following is not a revenue expense?
    A. Cost of raising a loan B. Cost of accessories of motor vehicles spent at the time of purchase C. Expenses incurred for laying of sewers on land purchased D. Insurance premium paid at the time of registration of the ship...
    In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at_________by passing a resolution.
    A. a general meeting B. first annual general meeting C. statutory meeting D. annual general meeting...
    Depreciation does not arise form _______
    A. effluxion of time B. use C. obsolescence through technology be market changes D. remarket expectation...
    Which of the following is a revenue reserve?
    A. Capital redemption reserve B. Security premium account C. Debenture redemption reserve D. Capital reserve...
    If the book value of an asset stands at________per cent of the original cost, a company need not provide depreciation on it.
    A. two B. fifteen C. five D. ten...

Leave a Reply

Your email address will not be published. Required fields are marked *