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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-5 section-1

Each section contains 100 MCQs on Auditing .
41
An analysis of fixed assets account has revealed possibility of unrecorded sale of plant and machinery. Which of the following audit procedures may be adopted to discover it?
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
42
Which of the following is/are beneficiary(s) of cost audit?
1. Manager
2. Shareholders and investors
3. Society and consumers
4. Government
Select the correct answer:
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
43
Voucher should be addressed to the . . . . . . . .
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Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
44
In order to audit petty cash expenses, the auditor has to check
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Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
45
An auditor is a watchdog but not a bloodhound. This statement has been given in decision of which case?
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
46
The main objective of Auditing is
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Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
47
The liability of the auditor can be
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Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
48
The definite period of auditing is
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Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
49
The main objective of an audit is
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Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
50
Which of the point is not to be considered while checking, a voucher?
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board