B.Com. III (Semester (Old CGPA) Examination, 2018
advanced Accountancy (Paper II)
Auditing
Day and Date Saturday, 8-12-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
Instructions All questions are compulsory.
Figures to the right indicate full marks.
1. Choose the correct alternative 14
Such errors arise where any entry in the book of original entry is made
it is called duplication of errors.
Four times Three times Two times None of above
is done in the manufacturing and processing organization
only.
Management Audit Cost Audit
Internal Check All of above
Management audit is also known as an and it is conducted by
management only.
Efficiency Audit Balance Sheet Audit
Interim Audit All of above
A Chartered Accountant means a person who is a of institute of
Chartered Accountants of India.
Shareholder Member Partner All of above
A is any documentary evidence in supports of transaction in
the book of accounts.
Verification Valuation Auditing Vouchers
From cash book cash deposited in bank, should be shown on
side-in Cash Book.
Credit Debit
Credit and Debit All of above
If Trademark is to Govt. then it should not be used by another
and it is an Intangible Asset.
Registered Scrutiny Verification All of above
If there is loss in business and is shown in Balance Sheet
objection should be taken by auditor.
Floating Assets Depreciation
Goodwill None of above
When appointment of auditor is made by Board of Directors; then
remuneration of auditor is also decided by
Member Trustee
Board of Directors All of above
10) As per Companies Act, the audit of a company is
Compulsory Illegally
As per choice None of above
11) Under Section of Companies Act, auditor has right to visit the
branches of the company.
U/S 221 U/S 226 U/S 228 U/S 231
12) The audit of the Co-operative Society is conducted at least in
the year.
Twice Three times Four times Once
13) The principles of is applied in internal control system.
Division of Labour Unity of Command
Authority and responsibility None of the above
14) Before starting the audit of the auditor should have ask about
Internal Control System and should take information about it and to see
how much it is impressive.
bank Dairy
Insurance Company All of above
2. Write short notes (any two) 14
Teaming and Lading.
Special Audit.
Removal of Auditor.
3. Write short notes (any two) 14
How would you vouch the following
Rent received
ii) Sale of fixed assets.
Objectives of auditing.
How would you conduct the audit of charitable trusts
4. What do you mean by auditing State difference between Book-Keeping
Accountancy and Auditing. 14
OR
What do you mean by Verification State objectives of verification and state
difference between verification and vouching.
5. Explain 'Internal Check System' . Show the difference between internal check
and internal audit. 14
OR
Explain scope and duties of auditors role under conducting Tax Audit U/S 44 AB.