Section 139(5): Deals with the appointment of auditors by the Comptroller and Auditor General (CAG) for government companies. (Matches A - I)
Section 141: Defines the qualifications and disqualifications of auditors. (Matches B - II)
Section 143: Specifies the powers and duties of auditors, including their right to access company records. (Matches C - IV)
Section 142: Covers the remuneration of auditors, including how it is decided. (Matches D - III)
English
10 Questions
20 Marks
12 Mins English English50 Questions100 Marks60 Mins English English10 Questions20 Marks12 Mins EnglishMatch List – I with List – II.
List – I | List – II |
A. Making provision for bad and doubtful debts and for discount on debtors | I. Cost Concept |
B. Expenses should be recognised in the period in which associated revenue is recognised | II. Going Concern |
C. Assets are not shown at their current realisable value | III. Matching Concept |
D. Internally generated goodwill is not recorded in the books of account | IV. Conservatism |
Choose the correct answer from the options given below:
| LIST-I |
LIST-II |
| A. Ind AS 2 |
I. Property, Plant and Equipment |
| B. Ind AS 16 |
II. Fair Value Measurement |
| C. Ind AS 103 |
III. Inventories |
| D. Ind AS 113 |
IV. Business Combinations |
Sequence the following activities in the process of standard costing.
(A) Establishing standard costs
(B) Measurement of actual costs
(C) Identifying variances and causes of variance
(D) Disposing the variances to cost and profit centers
(E) Comparison of actual and standard costs
Choose the correct answer from the options given below:
Cost audit for materials covers
(A) Goods inward procedure
(B) Methods of calculating standard cost variance
(C) Classification of overhead
(D) Accounting for scrap, wastage, materials transfers
(E) Accounting treatment of under or over absorption
Choose the most appropriate answer from the options given below:
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