1241. Auditing begins where ——– ends.
A. Selling.
B. Inventory valuation.
C. Accounting.
D. Purchases.
✅ The correct answer is option C.
SSC
1242. Internal auditor is appointed by :
A. The management.
B. The shareholders.
C. The government.
D. The statutory body.
✅ The correct answer is option A.
1243. Internal check is meant for :
A. Prevention of frauds.
B. Detection of frauds.
C. Helping audit in depth.
D. Detection of errors.
✅ The correct answer is option C.
1244. Voucher relates to :
A. Cash receipt.
B. Cash payment.
C. Credit transactions.
D. All the above.
✅ The correct answer is option D.
1245. A number of checks & controls exercised in a business to ensure its efficient working is known as :
A. Internal check.
B. Internal control.
C. Internal audit.
D. Interim check.
✅ The correct answer is option A.
1246. The first auditor or auditors are appointed by :
A. Central Government.
B. Company Law Board.
C. Board of Directors.
D. Shareholders.
✅ The correct answer is option C.
1247. The main object of vouching is :
A. To prepare trial balance.
B. Conduct routine checking.
C. Verify authenticity & authority of transactions.
D. Checking of vouchers
✅ The correct answer is option D.
1248. Valuation is the base of:
A. Verification.
B. Marketing.
C. Internal checking.
D. Vouching.
✅ The correct answer is option A.
1249. 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.
1250. 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.