26000 salary

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Are you kidding ?

No im not kidding its verified check urself

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Salary of Senior Auditor BS-16 is equal to the other employees of FG.. Rs. 29,170

Can anyone has past papers of senior auditor???

Round about....Rs.39,000

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Last date kab ha


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(1) Deferred Taxation is:
(a) Fixed asset
(b) Fixed liabilities
(c) Part of Owners Equity.
(2) Directors Report is ---- in respect of financial report constituent.
(a) Mandatory for a limited Company
(b) Voluntary for a limited Company
(c) None of these.
(3) Every limited Company in Pakistan is required by law to include the following along with financial reports:
(a) Ratio Analysis
(b) Chairman’s Review
(c) None of these.
(4) If a firm has paid super-tax, its partners may follow any one of the following behaviours:
a. No need to pay income tax, even if the income exceeds the taxable limit.
b. Pay income tax, even if the income does not exceed the taxable income.
c. Pay income tax as required under the law.
18. A partnership, in today’s Pakistan, under the current law can have the following number of partners:
a. 50
b. 20
c. 100
(1) Books of original entry are called:
(a) Ledger
(b) Work sheets
(c) Journal
(d) None of these
(4) Amount, cash, or other assets removed from business by owner is:
(a) Capital
(b) Drawings
(c) Assets
(d) None of these
(1) The measureable value of an alternative use of resources is referred to as:
(a) An opportunity cost
(b) An imputed cost
(c) A different cost
(d) A sunk cost
(e) None of these
(3) A cost center is:
(a) A unit of production in relation to which costs are ascertained
(b) A location which is responsible for controlling direct costs
(c) Part of the factory overhead system by which costs are gathered
(d) Any location or department which incurs cost
(e) None of these
(14) Direct material cost plus direct labour cost is called:
(a) Prime cost
(b) Conversion cost
(c) Product cost
(d) All of these
(e) None of these
(4) Banks, for the preparation of financial statements, are governed under:
(a) Banking Companies Ordinance, 1962
(b) State Bank of Pakistan Act
(c) None of these
(18) Every limited Company in Pakistan is required by law to include the following along with financial reports:
(a) Ratio Analysis
(b) Chairman’s Review
(c) None of these.
2) under which depreciation method the amount of depreciation expenses remains same throughout the useful life of a fixed asset
a) straight line method
b) reducing balance method
c) number of units produced method
d) machine hours method
3) a company purchased a vehicle for $6000. I will be used for 5 years and its residual value is expected to be $1000. What is the annual amount of deprecation using straight line method of depreciation?
A) $1000
b) $2000
c) $3000
d) $3300
15) which of the following is the correct formula for calculating depreciation using service hours method?
A) depreciation=(cost - scrape value) / total hours x actual hours
b) depreciation=(cost - accumulated depreciation) / total hours x actual hours
c) depreciation=(cost - accumulated depreciation) / total hours x total hours
d) depreciation=(cost - scrape value) / actual hours x total hours
17) xyz firm has imported a machine from abroad. Which of the following is not the element of machine’s cost?
A) purchase price of machine
b) import duty
c) demurrage charges
d) refundable tax
23) under which method of depreciation the amount of depreciation expenses remains constant throughout the useful life of a fixed asset
a) reducing balance method
b) unit of activity method
c) straight line method
d) none of these
24) an increase in the value of fixed asset is referred to as:
a) depreciation
b) appreciation
c) market capitalization
d) reverse depreciation
3)The concept of separate entity is applicable to which of following types of businesses?
A) Sole proprietorship
B) Corporation
C) Partnership
D) All of them
7)The allocation of owner's private expenses to his/her business violates which of the following?
A) Accrual concept
B) Matching concept
C) Separate business entity concept
D) Consistency concept
2)General journal is a book of _______ entries
A) First
B) Original
C) Secondary
D) Generic
3)The process of recording transactions in different journals is called
A) Posting
B) Entry making
C) Adjusting
D) Journalizing
8)The term 2/10-n/30 implies that ______ % discount will be given if the payment is made within _____ days or full amount is receivable within 30 days
A) 2,10
B) 10,2
C) 10,30
D) 3,15
11)_________ is the evidence that a transaction took place
A) Source documents
B) Ledger
C) Bonds
D) Journals
13)Which of the following accounts will be debited if the business's owner withdraws cash from business for his personal use?
A) Drawings
B) Cash
C) Business
D) Stock
15)The standard format of journal does not include which of the following?
A) Assets column
B) Date column
C) Description column
D) Amount column
18)Discount for quick repayment of debt is normally referred as
A) Trade discount
B) Prompt payment discount
C) Cash discount
D) Bulk discount
19) The first step in accounting process is
A) Recording the transaction
B) Identifying the transaction
C) Posting the transaction
D) Preparing the source documents
8)The normal balance of capital account is
A) Credit balance
B) Debit balance
C) Cash balance
D) Neither debit nor credit balance
13)Revenue and expense accounts are referred as
A) Nominal accounts
B) Real account
C) Cash accounts
D) Banks account
6)Cash discount is allowed on _______ repayment of debt
A) Lump sum
B) Prompt
C) Actual
D) None of them
Ali Invested cash in business in business Rs. 20,000
a) Dr. Cash
b) Capital
c) Ali

anyone kindly answer these accurately.

(1) Deferred Taxation isa) Fixed asset(b) Fixed liabilities(c) Part of Owners Equity.correct (2) Directors Report is ---- in respect of financial report constituent.(a) Mandatory for a limited Company correct (b) Voluntary for a limited Company(c) None of these.(3) Every limited Company in Pakistan is required by law to include the following along with financial reportsa) Ratio Analysis(b) Chairman¡¯s Review correct (c) None of these.(4) If a firm has paid super-tax, its partners may follow any one of the following behaviours:a. No need to pay income tax, even if the income exceeds the taxable limit.b. Pay income tax, even if the income does not exceed the taxable income.c. Pay income tax as required under the law.18. A partnership, in today¡¯s Pakistan, underthe current law can have the following number of partners:a. 50b. 20 correct c. 100(1) Books of original entry are calleda) Ledger(b) Work sheets(c) Journal correct (d) None of these(4) Amount, cash, or other assets removed from business by owner isa) Capital(b) Drawings correct (c) Assets(d) None of these(1) The measureable value of an alternative use of resources is referred to asa) An opportunity cost(b) An imputed cost(c) A different cost(d) A sunk cost correct (e) None of these(3) A cost center isa) A unit of production in relation to which costs are ascertained(b) A location which is responsible for controlling direct costs (c) Part of the factory overhead system by which costs are gathered(d) Any location or department which incurs cost correct (e) None of these(14) Direct material cost plus direct labour cost is calleda) Prime cost correct (b) Conversion cost(c) Product cost(d) All of these(e) None of these(4) Banks, for the preparation of financial statements, are governed undera) Banking Companies Ordinance, 1962 correct (b) State Bank of Pakistan Act(c) None of these(18) Every limited Company in Pakistan is required by law to include the following along with financial reportsa) Ratio Analysis(b) Chairman¡¯s Review correct (c) None of these.2) under which depreciation method the amount of depreciation expenses remains same throughout the useful life of a fixed asseta) straight line methodb) reducing balance methodc) number of units produced methodd) machine hours method3) a company purchased a vehicle for$6000. I will be used for 5 years and its residual value is expected to be $1000. What is the annual amount of deprecation using straight line method of depreciation?A) $1000b) $2000c) $3000d) $330015) which of the following is the correct formula for calculating depreciation using service hours method?A) depreciation=(cost - scrape value) / totalhours x actual hoursb) depreciation=(cost - accumulated depreciation) / total hours x actual hoursc) depreciation=(cost - accumulated depreciation) / total hours x total hoursd) depreciation=(cost - scrape value) / actual hours x total hours17) xyz firm has imported a machine from abroad. Which of the following is not the element of machine¡¯s cost?A) purchase price of machineb) import dutyc) demurrage chargesd) refundable tax23) under which method of depreciation theamount of depreciation expenses remains constant throughout the useful life of a fixedasseta) reducing balance methodb) unit of activity methodc) straight line methodd) none of these24) an increase in the value of fixed asset isreferred to as:a) depreciationb) appreciationc) market capitalizationd) reverse depreciation3)The concept of separate entity is applicable to which of following types of businesses?A) Sole proprietorshipB) corporations correct ) PartnershipD) All of them7)The allocation of owner's private expenses to his/her business violates which of the following?A) Accrual conceptB) Matching conceptC) Separate business entity conceptD) Consistency concept2)General journal is a book of _______ entriesA) FirstB) originals correct ) SecondaryD) Generic3)The process of recording transactions in different journals is calledA) PostingB) Entry makingC) AdjustingD) Journalizing correct 8)The term 2/10-n/30 implies that ______ % discount will be given if the payment is made within _____ days or full amount is receivable within 30 daysA) 2,10 correct B) 10,2C) 10,30D) 3,1511)_________ is the evidence that a transaction took placeA) Source documents correct B) LedgerC) BondsD) Journals13)Which of the following accounts will be debited if the business's owner withdraws cash from business for his personal use?A) Drawings correct B) CashC) BusinessD) Stock15)The standard format of journal does not include which of the following?A) Assets column correct B) Date columnC) Description columnD) Amount column18)Discount for quick repayment of debt is normally referred asA) Trade discountB) Prompt payment discount correct C) Cash discountD) Bulk discount19) The first step in accounting process isA) Recording the transactionB) Identifying the transaction correct C) Posting the transactionD) Preparing the source documents8)The normal balance of capital account isA) Credit balanceB) Debit balanceC) Cash balanceD) Neither debit nor credit balance13)Revenue and expense accounts are referred asA) Nominal accountsB) Real accountC) Cash accountsD) Banks account6)Cash discount is allowed on _______ repayment of debtA) Lump sumB) Prompt correct C) ActualD) None of themAli Invested cash in business in business Rs. 20,000a) Dr. Cashb) Capitalc) Ali

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