auditing unit I quizzz

__________ is a systematic examination of the books and records or a business.

• Auditing.

• Vouching.

• Verification.

• Checking.

Which of the following are not objectives of auditing?

• Ascertain the profit and preparation of P/L Account, Balance sheet.

• Detection and prevention of frauds and errors.

• Give a true and fair view of financial amount.

• To submits the accounts to Government of India.

Which of the following is not a kind of audit

• Statutory and private audit.

• Government and continuous audit.

• continuous, final, Interim, Cash, Cost and Management audit.

• None of these.

An audit which is compulsory by the law __________.

• Government audit

• Internal audit

• . Cost audit.

• Statutory audit.

Instruction of audit issued by controller and auditor general of India ________.

• statutory audit

• final audit

• management audit.

• government audit.

Audit done by the employees of the business undertaking is called _______.

• final audit.

• management audit

• government audit

• government audit.

This kind of audit is conducted generally between two annual audit ______.

• internal audit.

• interim audit.

• final audit.

• continuous audit

Management audit otherwise called as _______.

• final audit

• efficiency audit.

• cost audit

• cash audit.

A number of checks and controls exercised in a business to ensure its efficient working is known as________________________________

Voucher relates to___________________

• cash receipt.

• cash payment.

• credit transactions.

• all the above.