SENIOR AUDITOR PAST PAPERS
Senior Auditor Past Papers
چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب سرخ ہو جائے گا۔
- An increase in working capital of Rs. 1,350
- A decrease in working capital of Rs. 1,350
- A decrease in working capital of Rs. 1,050
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Working capital = Current Assets - Current Liabilities
- Increase in stock (Rs. 250) → Increases current assets
- Decrease in bank balance (Rs. 400) → Decreases current assets
- Increase in creditors (Rs. 1200) → Increases current liabilities
Net impact on working capital:
(250 - 400 - 1200) = -1350
Thus, there is a decrease of Rs. 1,350 in working capital.
لوگوں کے کس جسم کو کبھی کبھی 'چوتھی اسٹیٹ' کہا جاتا ہے؟
- Judiciary
- The Press
- Executive
- Senate
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
The press is referred to as "The Fourth Estate".
Due to its role in influencing public opinion and holding other branches of government accountable.
This role complements the functions of the judiciary, executive, and legislature, which are considered the three main estates of government.
سرمایہ کاری کی مارکیٹ ویلیو اور اس کی لاگت کے درمیان فرق کو سرمایہ کاری کا _______ کہا جاتا ہے۔
- Book Value
- Net present value
- Economic value
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Economic value represents the difference between an investment's market value and its original cost, reflecting its actual worth in the market.
It helps in assessing profitability and decision-making for investments.
جی ڈبل اے پی کا مطلب کیا ہے؟
- Generally Accepted Accounting Principles
- Generally Adopted Accounting Principles
- Generally Accepted Auditing Principles
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
GAAP (Generally Accepted Accounting Principles) is a set of accounting standards used for financial reporting.
It ensures consistency, transparency, and accuracy in the preparation of financial statements.
کاروباری تنظیم کی مندرجہ ذیل کاروباری تنظیموں میں سے کون سے کم سے کم باقاعدہ ہے؟
- Corporation
- Sole proprietorship
- General Partnership
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
A sole proprietorship is the least regulated business form since it is owned and controlled by a single individual with minimal legal formalities.
Unlike corporations and partnerships, it does not require complex registration, reporting, or compliance with extensive regulations.
کسی اثاثے کو نقد رقم میں تبدیل کرنے کی فرم کی قابلیت کو _______ کہا جاتا ہے؟
- Marketability
- Liquidity
- Solvency
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Liquidity refers to how quickly and easily an asset can be converted into cash without significant loss in value.
Higher liquidity means the firm can meet short-term obligations more efficiently.
عوامی کمپنی کو ______ کا سرٹیفکیٹ حاصل کرنے کے بعد ہی کاروبار شروع کرنا چاہئے؟
- After one year later
- Incorporation
- Commencement of business
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
A public company must obtain a Certificate of Commencement of Business after incorporation before legally starting operations.
This requirement ensures that the company has met necessary legal and financial conditions before conducting business.
ہر کاروباری لین دین کم از کم _______ اکاؤنٹس کو متاثر کرتا ہے۔
- Infinite
- One
- Two
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
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
اس سوال کو وضاحت کے ساتھ پڑھیں
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
اس سوال کو وضاحت کے ساتھ پڑھیں
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).
