SENIOR AUDITOR PAST PAPER 2017
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چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب سرخ ہو جائے گا۔
ہر کاروباری لین دین کم از کم _______ اکاؤنٹس کو متاثر کرتا ہے۔
Infinite
One
Two
None of these
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Explanation
The double-entry system states that every business transaction affects at least two accounts , one debited and one credited.
This ensures accounting accuracy by maintaining the balance in the accounting equation ( Assets = Liabilities + Equity ).
جنرل جرنل _______ اندراجات کی ایک کتاب ہے۔
Generic
First
Original
None of these
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Explanation
The general journal records original entries of financial transactions before they are posted to ledger accounts.
It serves as the primary book of accounts , documenting transactions in chronological order.
دوہری پہلو کے تصور پر مبنی لین دین کو ریکارڈ کرنے کے نظام کو ______ کہا جاتا ہے؟
Single entry system
Double accounting system
Double-entry system
None of these
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Explanation
The dual aspect concept states that every financial transaction affects two accounts, ensuring accuracy in bookkeeping.
The double-entry system records each transaction with equal debits and credits, maintaining the accounting equation ( Assets = Liabilities + Equity ).
شیئر پریمیم رقم _______ کے لئے استعمال کی جاسکتی ہے؟
Issue of fully paid bonus shares
Payment of dividends
Write-off of goodwill
None of these
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Explanation
Share premium money is the extra amount received over the face value of shares and can be used for specific purposes under company law.
It can be used to issue fully paid bonus shares to existing shareholders but cannot be used for dividend payments or writing off goodwill.
دونوں ڈیبینچرز اور ٹرم فنانس سرٹیفکیٹ عام طور پر ______ کے ذریعہ جاری کیے جاتے ہیں؟
Non-Listed Companies
Private Companies
Listed Companies
None of these
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Explanation
Debentures and Term Finance Certificates (TFCs) are debt instruments commonly issued by listed companies to raise capital from the public.
Listed companies have better credibility and regulatory compliance, making it easier for them to issue such securities in financial markets.
Rs.5,800
Rs.8,300
Rs.10,800
None of these
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Explanation
Book Value Formula → Cost of Asset – Total Accumulated Depreciation. Calculation → 12,500 – (4,200 + 2,500) = 5,800 .
اکاؤنٹنگ کی مدت میں سامان کی لاگت سے زیادہ فروخت کو ______ کہا جاتا ہے؟
Retained earnings
Net Profit
Gross Profit
None of these
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Explanation
Gross profit is the difference between sales revenue and the cost of goods sold (COGS) in an accounting period. It represents the profit before deducting operating expenses, taxes, and other indirect costs.
خالص منافع ______ کے برابر ہے؟
Sales less cost of sales and operating expenses
Gross Profit less operating expenses
Both A and B
None of these
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Explanation
Sales less operating expenses – Net profit is calculated after deducting all operating expenses from total sales. Gross profit less operating expenses – Gross profit is derived from sales minus the cost of sales, and deducting operating expenses from it gives net profit.
مندرجہ ذیل میں سے کون سا سیکشن آڈیٹر کی قابلیت سے نمٹتا ہے؟
Section 224 (3) and section 224 (4)
Section 226 (1) and section 226 (2)
Section 224 (1) and section 224 (2)
None of these
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Explanation
Section 226 (1) and section 226 (2) sections define the qualifications required for an individual or firm to be appointed as an auditor of a company. They ensure that only qualified and competent professionals conduct audits in compliance with legal standards.
تجزیاتی طریقہ کار کیا ہیں؟
Substantive tests designed to study relationships between financial and non-financial data
Substantive tests designed to assess control risk
Substantive tests designed to evaluate the validity of management’s representation letter
None of these
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Explanation
Analytical procedures involve comparing financial and non-financial data to identify trends, inconsistencies, or unusual variations. These tests help auditors detect potential misstatements and assess the reasonableness of financial information.
