CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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Audit CPA exam Practice Questions 2023 - Part 7
1. One case of sales return, the auditor should examine which of the following document
A) Credit notes, advice notes and inward return notes
B) Debit notes, advice notes and inward return notes
C) Purchase invoices, advise notes and inward return notes
D) Credit notes, inspection report and inward return notes
2. In order to vouch which of the following expenses, the auditor will examine Bill of Entry?
A) Custom
B) Excise Duties
C) Sales Tax
D) Income Tax
3. Which of the following is NOT an accepted method of selection in sampling?
A) Systematic selection
B) Pervasive selection
C) Random selection
D) Haphazard selection
4. Which of the following are you unlikely to see in the current file of auditorsâ?? working papers?
A) Memorandum & articles of association
B) Audit planning memorandum
C) Summary of unadjusted errors
D) Details of the work done on the inventory count
5. According to ISA 500, the strength of audit evidence is determined by which two qualities?
A) Appropriateness & competence
B) Sufficiency & appropriateness
C) Reliability & extensiveness
D) Objectivity & independence
A) Credit notes, advice notes and inward return notes
B) Debit notes, advice notes and inward return notes
C) Purchase invoices, advise notes and inward return notes
D) Credit notes, inspection report and inward return notes
2. In order to vouch which of the following expenses, the auditor will examine Bill of Entry?
A) Custom
B) Excise Duties
C) Sales Tax
D) Income Tax
3. Which of the following is NOT an accepted method of selection in sampling?
A) Systematic selection
B) Pervasive selection
C) Random selection
D) Haphazard selection
4. Which of the following are you unlikely to see in the current file of auditorsâ?? working papers?
A) Memorandum & articles of association
B) Audit planning memorandum
C) Summary of unadjusted errors
D) Details of the work done on the inventory count
5. According to ISA 500, the strength of audit evidence is determined by which two qualities?
A) Appropriateness & competence
B) Sufficiency & appropriateness
C) Reliability & extensiveness
D) Objectivity & independence
1. Right Answer: D
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: B
Explanation:
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: B
Explanation:
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