Chapter No 1 :Introduction to Accounting (14 MCQ`S)

  1. Credibilty of internal control is described through
    1. vendor
    2. external auditors
    3. banker
    4. Internal auditirs
    5. Show Answer
      Answer: D
      Explanation:
      • N/A
  2. Audit should be fair in representation or misleading
    1. fair
    2. Misleading
    3. overstating
    4. None of These
    5. Show Answer
      Answer: A
      Explanation:
      • N/A
  3. Going concern is assumption that bussiness will work on long run baisis
    1. yes
    2. no
    3. all
    4. None of These
    5. Show Answer
      Answer: A
      Explanation:
      • N/A
  4. Using cost rather than current value is the basis of definite factual
    1. baisis
    2. hypothesis
    3. not at all
    4. yes
    5. Show Answer
      Answer: A
      Explanation:
      • N/A

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