Anyone please share batch 1 test.

dont simply read them kindly answer these and even add if you have more questions.

1- i______ living here since 1990

2-the sun ............ in the east

3-i am sick...........heart

4-work hard lest you...........lose

5-no sooner did he see me.......he embraced me

6-scarcely did he open the door......he saw his friend standing outside

7- i can not work......... compulsion

8-if you work hard you........ succeed

9-defered taxation is a.......?

10-the amount of current assets of a firm with values given.what was the answer 89108 or something ?

11-closing stock are moved to a)trading ac b)profit & loss ac c)balance sheet d).......

12) 60000 sales
50000 cost of sales
10000 office rent
20000 wages
find out profit ?


13. What are analytical procedures?

a) Substantive tests designed to assess control risk
b) Substantive tests designed to evaluate the validity of management’s representation letter
c) Substantive tests designed to study relationships between financial and non*financial
d) All of the above

14. Concurrent audit is a part of
a) Internal check system
b) Continuous audit
c) Internal audit system
d) None

15. THE PRIMARY PURPOSE OF ESTABLISHING QUALITY CONTROL POLICIES AND PROCEDURES FOR DECIDING ON CLIENT EVALUATION IS TO

A) ENSURE ADHERENCE TO GENERAL Y ACCEPTED AUDITING STANDARDS
B) ACCEPTANCE OR RETENTION OF CLIENTS WHOSE MANAGEMENT DOES NOT LACK INTEGRITY
C) ENSURE AUDIT FEES IS CHARGED ACCORDING TO THE TYPE OF AUDIT WORK ASSIGNED
D) ALL OF THE ABOVE

16. THE MAIN OBJECT OF AN AUDIT IS ___


A) EXPRESSION OF OPINION
B) DETECTION AND PREVENTION OF FRAUD AND ERROR
C) BOTH (A) AND (B)
D) DEPENDS ON THE TYPE OF AUDIT

17. THE RISK OF MANAGEMENT FRAUD INCREASES IN THE PRESENCE OF:


A) FREQUENT CHANGES IN SUPPLIES
B) IMPROVED INTERNAL CONTROL SYSTEM
C) SUBSTANTIAL INCREASES IN SALES
D) MANAGEMENT INCENTIVE SYSTEM BASED ON SALES DONE IN A QUARTER

18. IN ORDER TO VOUCH, WHICH OF THE EXPENSES, THE AUDITOR WILL EXAMINE BILL OF ENTRY?

A) CUSTOM
B) EXCISE DUTIES
C) SALES TAX
D) INCOME TAX

19. FOR VOUCHING OF WHICH ITEM, THE AUDITOR IS MOST LIKELY TO EXAMINE COST RECORDS?

A) COMMISSION EARNED
B) BAD DEBTS RECORDED
C) CREDIT SALES
D) SALE OF SCRAP

20.WHEN COUNTING CASH ON HAND THE AUDITOR SHOULD ___

A) ENSURE PRESENCE OF SOMEBODY FROM MANAGEMENT
B) OBTAIN A RECEIPT FROM CUSTODIAN AS TO ITS RETURN
C) ENSURE POSTAGE AND REVENUE STAMPS ARE NOT COUNTED IN PHYSICAL COUNT
D) TEMPORARY ADVANCES TO EMPLOYEES ARE COUNTED TO CALCULATE BALANCE OF CASH IN HAND


21. WHICH OF THE FOLLOWING SECTIONS DEAL WITH QUALIFICATIONS OF THE AUDITOR ?

A) SECTION 226 (1) AND SECTION 226(2)
B) SECTION 224 (1) AND SECTION 224 (2)
C) SECTION 226 (3) AND SECTION 226(4)
D) SECTION 224(3) & SEC.224

22. after addition of new partner the increase in capital value is credited to..........

23. first stock exchange in bombay was established in ...

24. letter of credit is opened on behalf of.......

25.sinking fund investment is a.........

26.auditing is the branch of..........

27.stock in trade is a..............

28.cash sales are recorded in.........

29.debentures are..........for a firm

30.i am..........learning english nowadays.

31............little water in the jug is not enough for me.

32.which of the following has a cash flow element?
fixed capital expenditure,financial charges,c,d.....

33.he is indebted.......me.

34.ali is married.....a rich family.

35. national income is..........govt income,income from public investments,factors of income.....

36. prospectus is...........for a private ltd company-- must,optional,etc

37.GATT was established to........

1. Have been
2. Rises
3. At heart
4. Should
5. Than
6. When
7. Under compulsion
8. Would
9. Asset.... Not sure
11. Trading acc
13. Assess control risk
14. Continuous audit. Not sure.
16. Both a and b
17. Frequent changes in supplies
18. Customs
19. Commission earned
20. A or b dont remember now
22. To partners capital account
23 i wrote 1908
24. Bank..?
26. Abstract science...?
27. Current asset
28. Journal...?
29. Liability
31. The little water
33. Indebted to me
34. In a rich family....?
37. Liberlise trade

corrections are welcome

Mera 3rd batch tha senior auditor ka. . .boht easy tha test or ALLAH ka shukr hy boht acha hoa

I attempt the test of senior auditor, I think
the test of Batch-3 was very easy. I notice a
student in our hall attemt the test before
an hour.

you have missed some questions anyways what is your expected score brother

I was in batch 2. The portion of auditing was tough i think.. english portion was so easy. Which carry only 20 marks..

I think the candidates of morning batches were very lucky.. because their paper was easy.. and they solved in no time...

Any one plz mention correct ans as for recording cash sale we use cash book r journal

You r right faizan sb