Auditing MCQ Questions and Solutions with Explanations | Commerce

A. Error of principle

B. Error of commission

C. Error of omission

D. Error of duplication

A. Books of original entry

B. Final books of accounts

C. Balance sheet

D. All of the above

A. Journal entry

B. Cash book

C. Voucher

D. Pass book

A. Audit programme

B. Audit memorandum

C. Audit notebook

D. None of these

A. Compulsory

B. Optional

C. Voluntary

D. None of the above

A. Verification of authority and authenticity of transaction

B. Validity of documentary evidences

C. Accuracy of recorded entries and postings in books

D. All of above

A. Professional chartered accountant

B. A body corporate

C. An officer or employee of the company

D. A person who is in the service of an officer or employee of that company

A. Section 141

B. Section 224(1) and section 224(2)

C. Section 226(3) and section 226(4)

D. Section 224(3) and section 224

A. more than 10 companies

B. more than 20 companies

C. more than 50 companies

D. no limit is prescribed

A. Identification of the documentary evidence supporting the transaction

B. Verification of the documents supporting the transaction

C. Authentication of the document supporting the transaction

D. Verification of the accuracy and authenticity of the transaction