A. Verification.
B. Marketing.
C. Internal checking.
D. Vouching.
✅ The correct answer is option A.
5. Voucher relates to:
A. Cash receipt.
B. Cash payment.
C. Credit transactions.
D. All the above.
✅ The correct answer is option A.
4. Thevacancy caused by resignation of an auditor is filled by –
A. Board of directors
B. At the general meeting of shareholders
C. By the central government
D. By the company law board
✅ The correct answer is option B.
2. Shares issued for consideration other than cash should be vouched with help of –
A. Directors minutes book
B. Shareholders minute’s book
C. Contract with the party concerned
D. Cash book
✅ The correct answer is option C.
The Law of Contract in India is contained in
A. Indian Contract Act 1862
B. Indian Contract Act 1962
C. Indian Contract Act 1872
D. Indian Contract Act 1972
✅ The correct answer is option C.
An agreement enforceable by Law is a
A. Promise
B. Contract
C. Obligation
D. Lawful promise
✅ The correct answer is option B.
A void agreement is one which is
A. Valid but not enforceable
B. Enforceable at the portion of both parties
C. Enforceable at the portion of one party
D. Not enforceable in a Court of Law
✅ The correct answer is option D.
An agreement which is enforceable by law at the portion of one or more of the parties thereon but not at the option of the other or others is a :
A. Valid Contract
B. Void Contract
C. Voidable Contract
D. Illegal Contract
✅ The correct answer is option C.
Which is the following is false? An offer to be valid must;
A. Intend to create legal relations
B. Have certain and unambiguous terms
C. Contain a term the non‐compliance of which would amount to acceptance
D. Be communicated to the person to whom it is made
✅ The correct answer is option C.
When the consent of a party is not free, the contract is:
A. Void
B. Voidable
C. Valid
D. Illegal
✅ The correct answer is option B.