Accounting Mcqs

Q.  The most common imprest system is the ________ system?

a. Petty cash
b. Cash book
c. Cash receipt
d. Discount


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MCQs:  An auditor is like a_______________?
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MCQs:  Process of verifying the documentary evidences of transactions are known as___________?
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MCQs:  Auditing is compulsory for____________?
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MCQs:  Concealment of shortage by delaying the recording of cash receipts is known as_____________?
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MCQs:  The fundamental objective of the audit of a company is to_____________?
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MCQs:  The concept of stewardship means that a company’s directors________________?
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MCQs:  Why do auditors concentrate their efforts on material items in accounts?
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MCQs:  International auditing standards are issued by the______________?
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MCQs:  Which of the following is not true about opinion on financial statements?
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MCQs:  When an auditor is proposed for removal from office, which one of the following is he NOT permitted to do?
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MCQs:  Which one of the following is NOT a duty of the auditor?
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MCQs:  Assuming that it is not the first appointment of the auditor, who is responsible for the appointment of the auditor?
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MCQs:  The independent auditor’s primary responsibility is to______________?
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MCQs:  How long is the auditor’s term of office?
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MCQs:  Which of the following is correct in relation to materiality?
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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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