SENIOR AUDITOR PAST PAPER 2017
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چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب سرخ ہو جائے گا۔
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.
کے لئے انکم ٹیکس کی شرح ایک جیسے ہیں؟ _______
Public Companies
Limited companies
Banking Companies
None of these
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Explanation
Banking companies are typically subject to the same income tax rates as other corporate entities in many jurisdictions.
However, public and limited companies may have different tax structures depending on regulations.
التوا میں ٹیکس _______ ہے؟
Part of owners’ equity
Fixed Asset
Fixed Liabilities
None of these
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Explanation
Deferred taxation represents future tax liabilities that a company owes due to temporary differences in financial and tax reporting.
It is recorded as a liability because it reflects taxes that will be paid in future periods.
