a) An art b) A science

c) Both (A)&(B) d) None of these

CYCLE TEST I - OCT- 2023

PRINCIPLES AND
PRACTICE OF AUDITING

Class : III B.Com Max. Marks : 50

Paper Code : 21UCC10 Time : 2 Hrs

Section – A
I. Answer ALL the questions (K3) (10 X 1 = 10)

1. Auditing begins where____ends

a) Selling b) Inventory
c) Accounting d) Purchase
2. Audit programme should be
a) Flexible b) Rigid
c) Oral &flexible d) oral
3. An internal auditor is
a) Temporary employee b) Daily wager
c) Permananent employee d) None of the above
4. Normally a company auditor is appointed by the
a) Central Govt b) Board of directors
c) Shareholder s d) None of the above
5. Accounting standard are prepared by
a) SEBI b) RBI
c) ICAI d) ITA
6. When the chartered accountant act of India was made
a) 1947 b) 1949
c) 1956 d) 1965
7. Auditing is ____
8. Internal control includes
a) Internal check b) Internal audit
c) Interim audit d) Both(A)&(B)
9. Vouching is related with
a) Cash receipt b) Cash payments
c) Credit transactions d) All of the above
10. Vouching includes
a) Routine check b) Test check
c) Internal check d) All of the above
Section – B
II. Answer any TWO questions: (2X 5 = 10)
11. Elaborate the objectives of auditing (K2)
12. Explain the importance of vouching (K2)
13. Enumerate the difference between routine checking & vouching (K1)
14. Evaluate the position of an auditor (K2)
15. What are the personal qualities of auditor (k2)

Section – C
III. Answer All the Questions: (3 X 10=30)
16. a) What are the features of vouching? (k2)
(or)
b) Describe the advantages of audit note book. (k2)
17. a) State the types of voucher. (k1)
(or
)
b) Discuss the disadvantages of internal audit. (k2)
18.a) Explain in detail vouching of cash sales.(k2)
(or)
b) Compare and contrast between accountant & auditor. (k1)