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۔
اجارہ دار مقابلہ میں ، ایک کاروبار اپنی زیادہ سے زیادہ منافع کی پوزیشن حاصل کرتا ہے جہاں _____؟
MR > MC
MR = MC
MR < MC
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
In monopolistic competition, a firm maximizes its profit where marginal revenue (MR) equals marginal cost (MC).
This is the fundamental profit-maximization rule in economics.
P = 3 and Q = 6
P = 6 and Q = 0
P = 5 and Q = 2
None of these
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Explanation
To find the market equilibrium, set QD = QS: 12 - 2P = 3 + P
Rearrange the equation:
3P = 9
P = 3
Now, substitute P = 3 into either QD or QS:
QS = 3 + P
= 3 + 3
= 6
So, the market equilibrium is at P = 3 and Q = 6.
ایک افقی بار چارٹ جو کیلنڈر کے شیڈول کے خلاف منصوبے کے کاموں کو ظاہر کرتا ہے اسے ______ کہتے ہیں؟
Milestone
Gantt Chart
PERT Chart
None of these
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Explanation
A Gantt Chart is a horizontal bar chart used for project scheduling, showing tasks against time.
It helps in tracking progress and dependencies in project management.
قرض کی ادائیگی پر نقد رعایت کی اجازت ہے۔ _____
Prompt
Actual
Lump sum
None of these
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Explanation
A cash discount is given for early or prompt payment to encourage quick debt repayment.
It is different from a trade discount , which is given on bulk purchases.
اسٹاک کو بند کرنے کے بارے میں مندرجہ ذیل میں سے کون غلط ہے؟
It includes the resources of business.
It includes cost of material available for sale.
It is valued at market value.
None of these
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Explanation
Closing stock refers only to unsold goods and not all resources of a business.
Resources of a business include assets, liabilities, and other elements, not just stock.
تنظیم کے اپنے ملازمین کے ذریعہ کسی تنظیم کی کارروائیوں کا ایک جاری جائزہ جو تنظیم کے رسک مینجمنٹ ، گورننس ، اور کنٹرول کے طریقوں کا جائزہ لیتے ہیں اور ان کی نگرانی کرتے ہیں؟
Quality Control
Management by Objectives
Internal Audit
None of these
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Explanation
Internal Audit is a continuous process where an organization’s employees evaluate risk management, governance, and control practices.
It ensures compliance with policies, identifies risks, and improves operational efficiency.
اظہار 'آزاد رائے' سب سے زیادہ عام طور پر ______ میں استعمال ہوتا ہے؟
Auditing
Accounting
Management
None of these
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Explanation
In auditing , an independent opinion is given by an auditor to assess the accuracy and fairness of financial statements.
This opinion ensures that financial reports comply with accounting standards and regulations.
Rs. 60
Rs. 40
Rs. 80
None of these
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Explanation
To find the value of closing stock using FIFO:
Initial stock: 10 units @ Rs. 2 = Rs. 20
Purchases: 30 units @ Rs. 3 = Rs. 90
Total stock: 40 units
Issues: 12 units (from initial stock) = 10 units @ Rs. 2 + 2 units @ Rs. 3
Remaining stock: 28 units (2 units @ Rs. 3 + 30 - 2 = 28 units @ Rs. 3)
Issues: 8 units (from purchases) = 8 units @ Rs. 3
Remaining stock (closing stock): 20 units @ Rs. 3
Value of closing stock: 20 units @ Rs. 3 = Rs. 60
فکسڈ اثاثوں پر لاگو ہونے پر 'نیٹ کتاب کی قیمت' کے فقرے کا مطلب ہے کہ _______؟
The assets are shown in the balance sheet at their original cost
The assets are shown in the balance sheet at their cost less accumulated depreciation
The assets have been depreciated using the reducing balance method
None of these
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Explanation
Net book value (NBV) represents the asset's original cost minus any depreciation or impairment.
It reflects the asset’s current accounting value, not its market value or replacement cost.
مشکوک قرضوں کی فراہمی میں کمی کا نتیجہ ______ کا نتیجہ ہوگا؟
A decrease in net profit
An increase in net profit
An increase in net liabilities
None of these
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Explanation
Provision for doubtful debts is an expense; reducing it means less expense recorded , which temporarily increases profit.
However, if actual bad debts are higher than estimated, future write-offs will lower net profit.