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Auditing MCQ Questions and Solutions with Explanations | Commerce

Auditing MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Auditing MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-4

Each section contains 100 MCQs on Auditing .
91
For vouching of which item, the auditor is most likely to examine cost records?
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Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
92
An Auditor is a:
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Answer & Solution
Answer: Option A
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93
The internal auditor is appointed by
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Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
94
Who out of the following cannot be appointed as a statutory auditor of the company?
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Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
95
The auditor while verifying prepaid insurance has concluded that there is inadequate insurance of building, He should:
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Answer & Solution
Answer: Option D
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96
. . . . . . . . means "proving the truth or confirmation".
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Answer & Solution
Answer: Option B
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97
Public company is audited
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Answer & Solution
Answer: Option B
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98
Concealment of shortage by delaying the recording of cash receipts is known as:
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Answer & Solution
Answer: Option C
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99
Which of the following does not call for physical verification:
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Answer & Solution
Answer: Option D
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100
Closing stock is recorded in the books of accounts through:
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Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board