Accounting Mcqs

Q.  One of the most important tools in cost planning is__________?

a. Direct cost
b. Cost Sheet
c. Budget
d. Marginal Costing


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MCQs:  Which of the following is correct in relation to materiality?
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MCQs:  Which one of the following is NOT considered to be part of planning?
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MCQs:  Audit risk is composed of 3 factors. Which of the following is NOT one of those factors?
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MCQs:  Which of the following should NOT be considered at the planning stage?
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MCQs:  At the planning stage you would NOT consider____________?
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MCQs:  Which of the following describes sampling risk?
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MCQs:  Which of the following is NOT an accepted method of selection in sampling?
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MCQs:  Which of the following are you unlikely to see in the current file of auditors’ working papers?
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MCQs:  According to ISA 500, the strength of audit evidence is determined by which two qualities?
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MCQs:  Which of the following is normally the most reliable source of audit evidence?
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MCQs:  The degree of effectiveness of an internal control system depends on:
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MCQs:  According to ISA 315, which of the following is NOT an element of the control environment?
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MCQs:  According to ISA 315, which of the following is NOT a control activity?
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MCQs:  Lapping is also known as___________?
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MCQs:  Internal audit is undertaken:
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MCQs:  The scope of internal audit is decided by the___________?
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MCQs:  Audit of banks is an example of_____________?
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MCQs:  Concurrent audit is a part of____________?
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MCQs:  Audit in depth is synonymous for____________?
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MCQs:  Which of the following statements is not true about continuous audit?
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