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۔
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.
اسٹریٹائڈ آڈٹ نمونے کا مطلب ______ ہے؟
Items carefully selected from each group
Randomly selected items from audit
Purposively selected items for audit
None of these
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Explanation
Stratified audit sampling involves dividing the population into subgroups and selecting samples from each group.
This ensures that all categories are represented in the audit process.
لاگت کا عمل _______ سے متعلق ہے؟
Job order cost-oriented projects
Cement Industry
Both A and B
None of these
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Explanation
The process of costing applies to industries like cement manufacturing , where production is continuous.
It is also relevant to job order cost-oriented projects , where costs are assigned to specific jobs or batches.
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.
فرسودگی ______ پر فراہم کی جاتی ہے؟
Intangible assets
Fixed Asset
Outward charges
None of these
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Explanation
Depreciation applies to tangible fixed assets like machinery, buildings, and vehicles due to wear and tear over time.
Intangible assets (e.g., patents) are amortized, and current assets (e.g., inventory) are not depreciated.
اثاثے _______ کے مقصد کے لئے رکھے جاتے ہیں؟
Conversion into cash
Earning revenue
Resale
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Assets are primarily held to generate income, such as machinery producing goods or investments yielding returns .
Businesses invest in assets to support operations and long-term profitability rather than immediate resale or liquidation.
