- 1/4 of the cost price
- 1/3 of the cost price
- 1/5 of the cost price
- 1/6 of the cost price
- b
- Partnership
- Limited Company
- Sole Proprietorship
- None of these
- b
- Ensure presence of somebody from management
- Ensure postage and revenue , stamps are not counted in physical count.
- obtained a receipt from a custodian as to its return
- Temporary advances to employees are counted to calculate balance of cash in
- b
-
Cash on hand should be verify with the physical cash which is available in the Organization.
- Excise Duty
- Custom
- Sales Tax
- Income Tax
- b
-
The Custom Duty is a type of tax that imposed on Import and Export.
- The C & AG
- The Company Secretary
- The legislature
- None of the Above
- b
- Control Environment Level
- Financial Statement assertion level
- Fraud Risk Factor Level
- Overall financial statement error.
- b
- Internal Audit System
- Continuous Audit
- Internal Check System
- None of these
- b
-
Concurrent Audit is a systematic and timely verification of financial transaction on daily basis to mitigate the errors.
- Substantial increase in sale
- Management incentive based on sale done in a quarter
- Improved Internal Control System
- Frequent Changes in Supply
- b
- Detection and Prevention of Errors & Frauds
- Expression of Opinion
- Both A & B
- Depends on the type of the Audit
- d
- Internal Accounting Standards adopted in Pakistan.
- Companies Ordinance 1984
- Both A & B
- None of these
- c