Articles Tagged: auditing

Question: Income Tax Is Levied On? a. Agricultural Income b. Presumptive Income c. None of above

Question: Super Tax On Companies Is? a. In vogue in Pakistan b. Not in vogue in Pakistan c. None of above

Question: Conversion Cost Is? a. Material Cost + Overhead Cost b. Direct Labour + Material Cost c. Labour Cost + Overhead Cost

Question: Depreciation In Spirit Is Similar To? a. Depletion b. Amortization c. Depression

Question: Directors Report In Respect Of Financial Report Constituent? a. Mandatory for a limited Company b. Voluntary for a limited Company c. None of these

Question: Combination Can Be Best Described As? a. Restructuring of Capital of a Company b. Reduction of Capital of a Company c. Amalgamation of two different types of businesses

Question: Retained Earning Is Synonymous To? a. Accumulated profit and loss account b. Profit for the year c. None of these

Question: Audit Of A Bank Is Generally Conducted Through? a. Routine checking b. Couching c. Balance sheet audit

Question: Short-Term Loan Can Be Described As? a. If the period is three years b. If the period is less than one year c.  If the period is over one year

Question: Quick Ratio Can Be Computed As Under? a. Quick . Assets/Quick Liabilities b. Quick . Liabilities Current Assets c. Current Assets/ Current Liabilities