Auditing

A. Verification of assets & liabilities.

B. Vouching of income & expense accounts related to assets and liabilities.

C. Examination of adjusting and auditing & closing entries.

D. Routine checks.

A. Economic audit.

B. Efficiency audit.

C. Expenditure audit.

D. Effectiveness audit.

A. It should offer constructive and timely suggestions to the management.

B. It should not point out mistakes.

C. It should not be based on factual information.

D. It should not be based on balance sheet.

A. Selling.

B. Inventory valuation.

C. Accounting.

D. Purchases.

A. The management.

B. The shareholders.

C. The government.

D. The statutory body.

A. Prevention of frauds.

B. Detection of frauds.

C. Helping audit in depth.

D. Detection of errors.

A. Cash receipt.

B. Cash payment.

C. Credit transactions.

D. All the above.

A. Internal check.

B. Internal control.

C. Internal audit.

D. Interim check.

A. Central Government.

B. Company Law Board.

C. Board of Directors.

D. Shareholders.

A. To prepare trial balance.

B. Conduct routine checking.

C. Verify authenticity & authority of transactions.

D. Checking of vouchers