Exam Details
| Subject | advanced accountancy – ii | |
| Paper | ||
| Exam / Course | m.com. | |
| Department | ||
| Organization | solapur university | |
| Position | ||
| Exam Date | March, 2018 | |
| City, State | maharashtra, solapur |
Question Paper
M.Com. (Semester II) (CBCS) Examination Mar/Apr-2018
ADVANCED ACCOUNTANCY (Paper II)
Time: 2½ Hours
Max. Marks: 70
Instructions: All questions are compulsory. Figures to the right indicate full marks.
Q.1
Choose the alternatives given below.
14
audit is an appraisal of policies and actions.
Cost
Finance
Management
Fixed
The first auditor will hold the office until the conclusion of the of the company.
Statutory Meeting
First Annual General Meeting
First Annual Group Meeting
Last Annual General Meeting
'Liability for Negligence' and 'Liability for Misfeasance' are jointly known as
Civil Liabilities
Criminal Liabilities
Essential Liabilities
Critical Liabilities
An audit which is conducted between two annual audits is called as
Interim Audit
Balance Sheet Audit
Concurrent Audit
Continuous Audit
A company auditor addresses his audit report to
Board of Director
Members
Managing Director
Company Secretary
The Chartered Accountant Act was enacted in the year
1949
1951
1957
1959
A report should not be made unless material issues are involved or disclosures specifically required by the act are not made.
Qualify
Unqualified
True
Fair
has to be necessarily issued when the auditor is unable to express an opinion on the financial statements because he fails to obtain sufficient information to form an opinion.
Adverse opinion
Clean opinion
Qualified opinion
Disclaimer of opinion
assists in ascertainment of the true cost of production and fair selling price.
Management Audit
Efficiency Audit
Budget Audit
Cost Audit
10) Statutory duties of a company auditor are determined by
Article of Association
Memorandum of Association
Companies Act, 1956
Agreement between company and the auditor
Page 2 of 2
SLR-CX-19
11) Tax audit may be undertaken of the accounts of the following assesses.
Company
Professional
Sale proprietor
All of the above
12) The principle statue governing the functioning of banks in India is the
Banking Regulation Act, 1949
Reserve Bank of India Act, 1931
Companies Act, 1956
Chartered Accountant Act, 1942
13) It is the duty of the auditor to sign the
Research report
Auditor's report
Budget report
Cost report
14) has the power to make rules for providing exemption to any branch office from audit.
Foreign Government
Central Government
Local Government
Union Government
Q.2
Write short note.
14
Qualification of an Auditor
Appointment of first auditor under section 224(5)
Q.3
Explain the difference between following.
14
Financial Audit and Cost audit
Auditor's report and Auditor's certificate
Q.4
Answer any one:
14
Describe the types of Audit report.
OR
Explain in brief the right and duties of a company auditor?
Q.5
Answer any one:
14
Discuss in brief the liability of an auditor under the Companies Act, 1956.
OR
List out the different types of Audit? Explain in details of any four types of Audit?
ADVANCED ACCOUNTANCY (Paper II)
Time: 2½ Hours
Max. Marks: 70
Instructions: All questions are compulsory. Figures to the right indicate full marks.
Q.1
Choose the alternatives given below.
14
audit is an appraisal of policies and actions.
Cost
Finance
Management
Fixed
The first auditor will hold the office until the conclusion of the of the company.
Statutory Meeting
First Annual General Meeting
First Annual Group Meeting
Last Annual General Meeting
'Liability for Negligence' and 'Liability for Misfeasance' are jointly known as
Civil Liabilities
Criminal Liabilities
Essential Liabilities
Critical Liabilities
An audit which is conducted between two annual audits is called as
Interim Audit
Balance Sheet Audit
Concurrent Audit
Continuous Audit
A company auditor addresses his audit report to
Board of Director
Members
Managing Director
Company Secretary
The Chartered Accountant Act was enacted in the year
1949
1951
1957
1959
A report should not be made unless material issues are involved or disclosures specifically required by the act are not made.
Qualify
Unqualified
True
Fair
has to be necessarily issued when the auditor is unable to express an opinion on the financial statements because he fails to obtain sufficient information to form an opinion.
Adverse opinion
Clean opinion
Qualified opinion
Disclaimer of opinion
assists in ascertainment of the true cost of production and fair selling price.
Management Audit
Efficiency Audit
Budget Audit
Cost Audit
10) Statutory duties of a company auditor are determined by
Article of Association
Memorandum of Association
Companies Act, 1956
Agreement between company and the auditor
Page 2 of 2
SLR-CX-19
11) Tax audit may be undertaken of the accounts of the following assesses.
Company
Professional
Sale proprietor
All of the above
12) The principle statue governing the functioning of banks in India is the
Banking Regulation Act, 1949
Reserve Bank of India Act, 1931
Companies Act, 1956
Chartered Accountant Act, 1942
13) It is the duty of the auditor to sign the
Research report
Auditor's report
Budget report
Cost report
14) has the power to make rules for providing exemption to any branch office from audit.
Foreign Government
Central Government
Local Government
Union Government
Q.2
Write short note.
14
Qualification of an Auditor
Appointment of first auditor under section 224(5)
Q.3
Explain the difference between following.
14
Financial Audit and Cost audit
Auditor's report and Auditor's certificate
Q.4
Answer any one:
14
Describe the types of Audit report.
OR
Explain in brief the right and duties of a company auditor?
Q.5
Answer any one:
14
Discuss in brief the liability of an auditor under the Companies Act, 1956.
OR
List out the different types of Audit? Explain in details of any four types of Audit?
Other Question Papers
Subjects
- (research methodology) (for external student)
- (research methodology) (for regular student)
- advanced accountancy (paper - i)
- advanced accountancy (paper - iii)
- advanced accountancy (paper – i)
- advanced accountancy (paper – ii)
- advanced accountancy (paper – iii)
- advanced accountancy (paper – iv)
- advanced accountancy – i
- advanced accountancy – ii
- advanced accountancy – iii
- advanced accountancy – iv
- advanced accountancy(paper – iv)
- advanced accountancy(paper-ii)(auditing)
- advanced banking & financial system (paper - i)
- advanced banking & financial system (paper - iii)modern banking
- advanced banking & financial system (paper – i)
- advanced banking & financial system (paper – ii)
- advanced banking & financial system (paper – iii)
- advanced banking & financial system (paper – iv)
- advanced banking – i
- advanced banking – ii
- advanced banking – iii
- advanced banking – iv
- advanced costing (paper - i)
- advanced costing (paper – i)
- advanced costing (paper – ii)
- advanced costing (paper – iii)
- advanced costing (paper – iv)
- advanced costing (paper–iv)(research methodology) (for external student)
- advanced costing(research methodology) (for regular student)
- advanced statistics (paper - i)
- advanced statistics (paper - iii)
- advanced statistics (paper – i)
- advanced statistics (paper – ii)
- advanced statistics (paper – iii)
- advanced statistics (paper – iv)
- business finance (compulsory paper – iv)
- business finance – i
- business finance – ii
- e-commerce
- entrepreneurship (oet)
- industrial statistics
- industrial statistics and demography
- international business
- management accounting (compulsory paper – iii)
- management accounting – i
- management accounting – ii
- management concepts
- management concepts & organizational behaviour (comp. – i)
- managerial economics (comp – i)
- managerial economics (comp. – ii)
- managerial economics – i
- managerial economics – ii
- organizational behavior
- taxation (paper - i)
- taxation (paper – i)
- taxation (paper – ii)
- taxation (paper – iii)
- taxation (paper – iv)