SENIOR AUDITOR PAST PAPER 2017
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چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب سرخ ہو جائے گا۔
کلائنٹ کی تشخیص کے بارے میں فیصلہ کرنے کے لئے کوالٹی کنٹرول پالیسیاں اور طریقہ کار کے قیام کا بنیادی مقصد _______ ہے؟
Ensure audit fees are charged according to the type of audit work assigned
Ensure adherence to generally accepted auditing standards
Accept or retain clients whose management does not lack integrity
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Quality control policies help auditors assess the integrity and reliability of a client’s management before accepting or continuing an engagement. Ensuring client integrity reduces audit risk and maintains the credibility of the auditing process.
ترجیحی حصص وہ ہیں جو ______ کے سلسلے میں ترجیحی حقوق رکھتے ہیں؟
Payment of Capital
Dividends
Both A and B
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Preference shareholders have a priority claim over equity shareholders when it comes to receiving dividends.
In case of liquidation , preference shareholders are paid their capital before equity shareholders.
خیر سگالی کو ______ کے طور پر درجہ بندی کیا جانا چاہئے؟
Intangible asset
Current asset
Liquid asset
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Goodwill represents a company's reputation, brand value, and customer loyalty , which are non-physical assets .
Since it cannot be touched or measured directly , it is classified as an intangible asset in accounting.
مندرجہ ذیل میں سے کون سا کاروبار ممکنہ طور پر لاگت کا استعمال کرے گا؟
An auto repair shop
A law firm
A maker of frozen orange juice
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Process costing is used for mass production of identical products, such as food processing, chemicals, or textiles .
A maker of frozen orange juice follows a continuous production process, making it suitable for process costing rather than job costing.
قلیل مدتی لیکویڈیٹی کے اقدام کے طور پر مندرجہ ذیل میں سے کون کم سے کم اہم ہے؟
Cash Flows from operating activities
Quick Ratio
Debt ratio
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Debt ratio measures a company's financial leverage, not its short-term liquidity.
Short-term liquidity is better assessed using Current Ratio, Quick Ratio, and Cash Flows from operating activities since they reflect a company's ability to meet short-term obligations.
مندرجہ ذیل میں سے کون سا اکاؤنٹ کبھی بھی بند ہونے والے آزمائشی توازن میں ظاہر نہیں ہوتا ہے؟
Income taxes expense
Dividends
Both A and B
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Income taxes expense is a temporary account closed at the end of the accounting period.
Accumulated depreciation is a permanent account and appears in the post-closing trial balance, so it would not be included in this answer.
ڈیبینچرز ایک کمپنی کے _____ ہیں؟
Investment
Assets
Liability
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Debentures are a type of long-term debt that a company borrows and must repay with interest.
They appear under liabilities on the balance sheet since they represent a financial obligation.
نقد بہاؤ کے بیان کے تناظر میں سرگرمیوں کی مالی اعانت کی ایک مثال ______ ہے؟
Dividend Paid
Fixed capital expenditure
Long-term deposit
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Financing activities in a cash flow statement relate to obtaining or repaying capital, such as issuing shares, borrowing, or repaying loans .
Long-term deposits involve financing decisions, as they relate to investment and funding arrangements.
1/2 of the cost price
1/4 of the cost price
1/3 of the cost price
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
If profit = 1/4 of sales , then sales = cost price + profit . Let cost price be X and sales be S , then S = X + (1/4)S .
Solving for X , cost price = 3/4 of sales , so profit = (1/4) / (3/4) = 1/3 of the cost price .
علیحدہ قانونی حیثیت رکھنے والی ایک بڑی تنظیم کو ______ کے نام سے جانا جاتا ہے؟
Partnership
Limited Company
Sole Proprietorship
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
A Limited Company has a separate legal identity from its owners, meaning it can own assets and be liable for debts independently.
Unlike a Sole Proprietorship or Partnership , its liability is limited to the investment made by shareholders.
