SENIOR AUDITOR PAST PAPERS
Senior Auditor Past Papers
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چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب سرخ ہو جائے گا۔
مندرجہ ذیل میں سے کون سا بیان سچ ہے؟
Assets = Liabilities - Capital
Assets = Capital + Liabilities
Capital = Assets - Liabilities
None of these
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Explanation
Assets = Capital + Liabilities equation represents the Accounting Equation , which states that a company's assets are financed by either owners' equity (capital) or liabilities.
It ensures the financial position remains balanced , forming the foundation of double-entry bookkeeping.
اس کی مفید زندگی کی میعاد ختم ہونے کے بعد اثاثہ کی لاگت کو ______ کہا جاتا ہے؟
Expired Value
Written down Value
Residual Value
None of these
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Explanation
Residual value (also called salvage value ) is the estimated amount an asset will be worth after its useful life ends.
It is used in depreciation calculations to determine the asset’s depreciable cost.
Profit Rs. 10000
Loss Rs. 10000
Loss Rs. 20000
None of these
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Explanation
Calculation : Gross Profit/Loss = Sales – Cost of Sales
Sales = Rs. 60,000Cost of Sales = Rs. 50,000 Gross Profit = 60,000 – 50,000 = Rs. 10,000
( Note : Wages and office rent are not included in the gross profit calculation.)
ٹریڈنگ اور منافع اور نقصان کا اکاؤنٹ اور بیلنس شیٹ ______ سے تیار ہے؟
Ledger balance
Ledger balance, cash, and bank balances
Trial balance
None of these
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Explanation
The trial balance is a summary of all ledger balances, ensuring that total debits equal total credits before preparing financial statements. It serves as the basis for preparing the Trading & Profit & Loss account and the balance sheet by listing all account balances in a structured format.
Rs. 43142
Rs. 31102
Rs. 57222
Rs. 29,932.
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Explanation
The accounting equation states:
Assets = Liabilities + Owner’s Equity .
Rearranging for liabilities:
Liabilities = Assets - Owner’s Equity
43142 - 13210
= 29,932. .
تجارت میں اسٹاک ایک ______ ہے؟
Current assets
Fixed assets
Citations assets
None of these
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Explanation
Stock in trade refers to goods held for sale in the ordinary course of business , which are considered current assets.
These assets are expected to be sold or converted into cash within a short period, usually within a year.
Abstract Science
Natural Science
Social Science
None of these
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Explanation
Auditing involves the examination of financial records , which is related to human behavior and organizational systems, making it a part of social sciences.
It assesses compliance, accuracy, and transparency in financial and business practices.
ڈیبینچر ______ کی نمائندگی کرتا ہے؟
Long-term capital of a business
Director share in a business
Long-term liabilities of a business
None of these
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Explanation
A debenture is a type of long-term debt instrument used by companies to raise funds.
It represents a loan that the company must repay with interest , making it a liability.
موجودہ تناسب کا حساب ______ پر کیا جاتا ہے؟
Measure the liquidity of concern
Compare the current assets with past assets
Compare the current assets with fixed assets
None of these
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Explanation
The current ratio assesses a company's ability to pay short-term obligations using its current assets.
It is calculated as Current Assets / Current Liabilities , indicating financial health.
قائدین ______ انجام دیتے ہیں؟
International roles
Decisional roles
Informal roles
None of these
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Explanation
Leaders make important decisions that affect the organization’s goals, resources, and strategies.
They resolve conflicts, allocate resources , and take responsibility for business outcomes.
