SENIOR AUDITOR PAST PAPER 2017
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چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب سرخ ہو جائے گا۔
- A compiler is a special program that processes statements written in a particular programming language and turns them into machine language
- A compiler is a language providing very efficient execution
- A compiler does a conversion line by line as the program is run
- None of these
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Explanation
A compiler translates entire source code from a high-level programming language into machine code before execution.
Unlike an interpreter, it does not convert code line by line but processes it all at once for efficiency.
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
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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
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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
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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
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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
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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
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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
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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
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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).
شیئر پریمیم رقم _______ کے لئے استعمال کی جاسکتی ہے؟
- Issue of fully paid bonus shares
- Payment of dividends
- Write-off of goodwill
- None of these
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Explanation
Share premium money is the extra amount received over the face value of shares and can be used for specific purposes under company law.
It can be used to issue fully paid bonus shares to existing shareholders but cannot be used for dividend payments or writing off goodwill.
