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Old Monday, August 14, 2017
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Default Senior Auditor - Batch I - Held on 13-Aug-2017 at BISE, Examination Centre, Lahore

It is requested that please share all the questions asked in the paper. This paper was started at 10 A.M. Kindly also share questions of the Batch - II at 02 P.M. I'm sharing only the English section.

1) Hello, where are you going?

right answer : interjunction

2) She laughed heartily

right answer : intransitive verb

3)He ran as fast as he _______.

right answer : could, options were : could, could have, would, would have.

4) Seeing is believing.

right answer : Believing is gerund here.

5) He was an ________ who was fond of weird pets.
A. amiable
B. emotional
C. eccentric right option
D. ambitious

6) This house is superior __________ the other.
A. over
B. from
C. than
D. to right option

7)
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Batch I

Batch I was super easy test. Everyone is expecting score in 80s and 70s would provably be average marks. Best of luck

1. ROI is the ration between: Net Income/Assest

2. Relation between intetest rate & bond price: Opposite

3. Unsecured bond is called: Debenture

4. Prime coste include: All

5. Max number of parters acc to act 1932: 25

6. An auditor is also for a auditing: Watch dog

7. Prepaid expences are: Current Accounts

8. Owner of a company is also called: shareholder

9. Basic of cost accounting is: all (ascertain+

10. Chip was incurred in: 1999

11. Depriciation of asset is based upon: Economic Life

12. Which tangible asset: Furniture

13. A shareholder become part of a firm by knowing: the vale of return income

14. Internal audit is done by: the managment

15. If the interet rates increases: Bond purchasing decreases

16. More the risk: wale ka none of these ta ans

17. Audit done by employes is: Management Audit

18. Periodiodical audit is known as: Annual audit

19. Owner equaity increase by: Assets

20. A & B are partners fir 2:1, if they gave C 1/4 of share C paid 3000, then total goidwill of company is: 9000

21. Modern definition of computer: Number & alphabetic intetface

22. who appoints statutry auditors: Central Govt

23. Audit laws are to be imposed by: Statutary laws

24. A firm has to pay returns: Income Tax

25. Secrete reserves can be created by: Private Company

26. The liabality of firm is: O

27. Duration of accounting period is: one year

28. When the interest rate fall: bond purchase decreases

29. The disposal products or unsold is reffered: closing stock

30. Entry that affect more than one account is: Journal

31. Hello, where are you going: Hello= Subject

32. She laughed heartily: Laughed=Intransitive verb

33. He ran as fast as he: could

34. Seeing is believing: Seeing=Gerund

35. He was an ________ who was fond of weird pets: Ambitious

36. This house is superior __________ the other:

38. Audit verification is: exmination of books of account

39. Audit program: helps auditor in performing audit

40. If 18% interest compounded quarterly then discount factor of 8th year will be: 4.01..

41. Operating costing is done in: service industry

42. Current assets less current liabilities is: working capital

43. Excess of sales over cost of sales is: gross profit

44. Any liabilities which arised due to certain events' contingent liabilities

45. Audit on refund of advance tax is: audit of receipt

46. A company legally registered and owned by one or more persons or entities is known as: Partnership

47. Which expense will be vouched while performing audit of bill of entry: custom duties

48. An audit compulsory by law is: statutory audit

49. Dividend approved by shareholders in; annual general meeting

50. Which of following is not permanent part of books of accounts: trail balance

51. Selling and distribution expenses are allocated on the basis of: factory cost

52. Interest on capital of partners is credited to: capital account

53. Capital expenditures are incurred: to obtain benefits in future period

54. Seller offer discount to buyer for early payments:cash discount

55. Break up value of shares:net asset value

56. Planning in Quantitative terms is: budget

57. Bottom of income statement is: net profit

58. At year end unsold goods are deducted from: opening stock

59. Items in balance sheet are presented on the basis of percentage of: total assets

60. ROI is the Ratio B/W: Return on investment

61. Rebate On Bills Discounted is: income

62. Prepaid expenses are example of: current assets

63. Important tool of cost planning: Budget

64. Risk and return comparison: none

65. Gross profit 5000.. and net profit is 25% of it ,then expense are: Rs. 3750

66. Prime cost consist of: Direct material direct labour and direct expense

67. Where the new share is issued: Secondary market

68. Memorandum of association includes: All of these i.e registered office, object of company n share capital

69. Who appoints statutory auditors: Central govt

70. Interest rate and bond price: Move in same direction

71. Unsecured bond is called: Debenture bond

72. Basic Objective of Cost Accountin: Cost ascertainment

73. Revenue from services in cash flow statement, is classified as: operating inflows
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The liabilities of an internal auditor includes:
a) civil
b) criminal
c) civil & criminal
d) none
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Quote:
Originally Posted by okara View Post
The liabilities of an internal auditor includes:
a) civil
b) criminal
c) civil & criminal
d) none
C......Civil & criminal
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Old Tuesday, August 29, 2017
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Thank U brother
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