81. A number of checks and controls exercised in a business to ensure its efficient working are known as ________.
A. Internal Check
B. Internal Control
C. Internal Audit
D. Interim Check
✅ The correct answer is option B.
Auditing
82. Before the work of audit is commenced, the auditor plans out the whole of audit work is called _________.
A. Audit Plan
B. Audit Note
C. Audit Programme
D. Audit Control
✅ The correct answer is option C.
83. Management audit otherwise called as _______.
A. Final audit
B. Efficiency Audit
C. Cost Audit
D. Cash audit
✅ The correct answer is option B.
84. The first auditors appointed by head office ____________.
A. for a period of one year
B. for a period of two years
C. for a period of three years
D. till the conclusion of the first annual general meeting
✅ The correct answer is option D.
85. This kind of audit is conducted generally between two annual audit ______.
A. Internal Audit
B. Interim audit
C. Final Audit
D. Continuous Audit
✅ The correct answer is option B.
86. /. Special audit is necessary for _________.
A. inefficient concern
B. processing concern
C. trading concern
D. manufacturing concern
✅ The correct answer is option A.
87. Audit done by the employees of the business undertaking is called _______.
A. Final audit
B. Management Audit
C. Government Audit
D. Internal Audit
✅ The correct answer is option D.
88. Treating revenue expenditure as capital expenditure is a case of _________.
A. fraud
B. misappropriation of cash
C. misappropriation of goods
D. manipulation of accounts
✅ The correct answer is option D.
89. .Instruction of audit issued by controller and auditor general of India ________.
A. Statutory audit
B. Final Audit.
C. Management audit
D. Government audit
✅ The correct answer is option D.
90. Errors and frauds already committed can be discovered under the system of ________.
A. internal audit, internal check, internal control
B. external check
C. statutory audit
D. interim audit
✅ The correct answer is option A.