SENIOR AUDITOR PAST PAPER 2017
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چار آپشن میں سے کسی ایک پر کلک کرنے سے جواب سرخ ہو جائے گا۔
ہم آہنگی آڈٹ ______ کا ایک حصہ ہے؟
Internal audit system
Internal check system
Continuous audit
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Concurrent audit is an ongoing audit process conducted simultaneously with financial transactions to ensure accuracy and compliance.
It is a part of the internal audit system , helping organizations detect errors and fraud in real-time.
کی موجودگی میں انتظامی دھوکہ دہی کا خطرہ بڑھتا ہے؟ _____
Management incentive based on sales done in a quarter
Frequent changes in supplies
Improved internal control system
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
When management incentives are tied to short-term sales performance, there is a higher risk of fraudulent financial reporting to meet targets .
This may include overstating sales, manipulating revenue recognition, or inflating earnings to receive bonuses or meet investor expectations.
آڈٹ کا بنیادی مقصد ______ ہے؟
Depends on the type of audit.
Expression of opinion.
Detection and Prevention of fraud and error.
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
The primary objective of an audit is to express an opinion on the true and fair view of financial statements.
While detecting fraud and errors can be part of the process. The auditor’s main role is to provide assurance on financial reporting.
پاکستان میں ، ______ کے مطابق محدود کمپنیوں کے مالی بیانات تیار کیے جاتے ہیں؟
Companies Ordinance 1984
International Accounting Standards adopted in Pakistan
Both A and B
None of these
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Explanation
In Pakistan, financial statements of limited companies are prepared under the Companies Ordinance 1984 (now replaced by the Companies Act 2017).
They must also comply with International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) adopted in Pakistan.
مندرجہ ذیل میں سے کون سا بیان سچ ہے؟
Assets = Liabilities - Capital
Assets = Capital + Liabilities
Capital = Assets - Liabilities
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Assets = Capital + Liabilities equation represents the Accounting Equation , which states that a company's assets are financed by either owners' equity (capital) or liabilities.
It ensures the financial position remains balanced , forming the foundation of double-entry bookkeeping.
اس کی مفید زندگی کی میعاد ختم ہونے کے بعد اثاثہ کی لاگت کو ______ کہا جاتا ہے؟
Expired Value
Written down Value
Residual Value
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
Residual value (also called salvage value ) is the estimated amount an asset will be worth after its useful life ends.
It is used in depreciation calculations to determine the asset’s depreciable cost.
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
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
Explanation
The accounting equation states: Assets = Liabilities + Owner’s Equity .
Rearranging for liabilities: Liabilities = Assets - Owner’s Equity → 43142 - 13210 = 31102 .
تجارت میں اسٹاک ایک ______ ہے؟
Current assets
Fixed assets
Citations assets
None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
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.
