Auditing Mcqs

Q.  If the book value of an asset stands at________per cent of the original cost, a company need not provide depreciation on it.

a. two
b. fifteen
c. five
d. ten


ANSWER: See Answer
 
No explanation is available for this question!
TasDia Network - Mcqs | Signature | Lyrics
MCQs:  What is meant by negative assurance?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  For companies required to produce interim financial statements (IFI):
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements is correct?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  What sort of assurance is provided in a review engagement?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which one of the following is part of the auditor’s function?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following does NOT belong in the auditors’ report?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  What is meant by the expression ‘expectation gap’?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following would you not use as a benchmark for comparison when undertaking analytical procedures?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following is true about written representations?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements is INCORRECT?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  An auditor should not accept a loan on favourable commercial terms from an audit client because of the threat to his or her independence. The threat would be a___________?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following are fundamental ethical principles for professional accountants? 1 Competence 2 Compliance 3 Integrity 4 Objectivity
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which one of the following may auditors NOT perform for their client?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  You have been proposed as auditor of a company. What is the first step that you should take?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of these are types of Audit Report?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the followings is/are active element?
Category: Electrical Engineering Questions,   Published by: T-Code Scripts
MCQs:   If P is the power of a star connected system then what will be power of an equivalent delta connected system?
Category: Electrical Engineering Questions,   Published by: T-Code Scripts
MCQs:  Magnetic flux has the unit of
Category: Electrical Engineering Questions,   Published by: T-Code Scripts
MCQs:  The voltage induced in an inductor is represented as,
Category: Electrical Engineering Questions,   Published by: T-Code Scripts
MCQs:  Instantaneous power in inductor is proportional to the
Category: Electrical Engineering Questions,   Published by: T-Code Scripts