Practical Auditing Set 6

Bachelor of Commerce (B Com)

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This set of Practical Auditing Multiple Choice Questions & Answers (MCQs) focuses on Practical Auditing Set 6

Q1 | ----------------- audit refers to the evaluation of company’s performance against plannedgoals in the areas of social responsibility.
Q2 | Bonus shares are issued to ----------------
Q3 | -------- Section of the Companies Act deals with Appointment of Company auditor.
Q4 | -------- Section of the Companies Act deals with qualification of Company auditor.
Q5 | Amount of Share premium may be utilized for
Q6 | Share Premium Account should be shown in Balance sheet under
Q7 | Auditor should see that amount received for premium on issue of shares should be shown in
Q8 | A company can issue redeemable preference shares if authorized by
Q9 | A company can issue bonus shares if authorized by
Q10 | Interest on calls paid in advance according to table A, should not exceed
Q11 | For the forfeiture of shares, the auditor should check that it is permitted
Q12 | Profits on reissue of forfeited Shares should be transferred to
Q13 | Shares issued for consideration other than cash should be vouched with the help of
Q14 | While checking the allotment of shares, the auditor should see that it is made within
Q15 | Which of the following percentage of nominal amount of shares should be received withapplication
Q16 | Accounting standards are prepared by
Q17 | Which of the following is referred to confirm the allotment of shares to the vendor
Q18 | Share premium Account is shown on the _______________
Q19 | Issue of shares at discount should be sanctioned by the ________________
Q20 | The maximum rate of discount on shares shall not exceed________________
Q21 | Discount on issue of shares not written of is shown separately in Balance sheet under thehead_____________
Q22 | __________________section of Companies Act deals with share Capital
Q23 | Which among the following is not a function of the author
Q24 | Audit conducted as per the provisions of law is _____________
Q25 | The scope of auditing does not cover.
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