Category: Auditing Mcqs

A. Daily cash sales summary
B. Salesmen’s summary
C. Monthly statements sent to customers
D. Bank statement

A. Introductory paragraph specifying the pages to which the report relates and the accounting convention adopted
B. Basis of the opinion
C. Involvement of any specialist
D. Statement of responsibilities of directors and auditors

A. the shareholders in a general meeting
B. the shareholders in the first annual General meeting
C. the board of directors
D. the Central Government

A. purchase orders
B. sales orders
C. sales invoices
D. bill of loading

A. the conclusion of statutory meeting
B. the conclusion of first annual general meeting
C. the conclusion of next annual general meeting
D. the date of removal

A. Annual audit
B. Continuous audit
C. Detailed audit
D. Statutory audit

A. Assets
C. Income and expense accounts where appropriate
B. Liabilities
D. All of the above