Correct Answer:- Option-D
Question77:-A set of programmes designed in such a way that they perform certain supporting operations in computer like
format a disk, duplicate a disk, physically recognise stored data and programmes is called
A:-Application software
B:-System software
C:-Connecting software
D:-Utility software
Correct Answer:- Option-D
Question78:-Contingent liabilities are shown as foot note in the balance sheet as per _____ accounting principle.
A:-Full disclosure
B:-Objectivity
C:-Materiality
D:-Consistency
Correct Answer:- Option-A
Question79:-Depreciation accounting is as per accounting standard issued by ICAL
A:-Accounting standard 1
B:-Accounting standard 10
C:-Accounting standard 20
D:-Accounting standard 6
Correct Answer:- Option-D

Question80:- is a fictitious asset.
A:-Under writing commission
B:-0il field
C:-Plant and machinery
D:-Patent
Correct Answer:- Option-A
Question81:- is the feature of Value Added tax which prevents cascading effect of tax.

A:-Input tax credit
B:-Different tax slabs
C:-Cash credit
D:-None of these
Correct Answer:- Option-A
Question82:-A report is prepared by the auditory when he finds the accounts exhibiting a true and fair view വ്‌
the state of company's financial affairs.
A:-Unqualified report
B:-Qualified report
C:-Specific report
D:-None of these
Correct Answer:- Option-A
Question83:-In India Value Added tax is first introduced in state.
A:-Haryana
B:-Bihar
C:-Rajasthan
D:-Delhi
Correct Answer:- Option-A
Question84:-The following error affects trial balance is
A:-Compensating error
B:-Error of principle
C:-Error of complete omission
D:-Error of commission
Correct Answer:- Option-D

Question85:- a technigue with an auditor to contact responsible officials through interview and open
communication with the outside parties for ensuring that the transactions are authentic, valid and accurate.
A:-Confirming
B:-Vouching
C:-Reconciling
D:-Testing
Correct Answer:- Option-A
Question86:-Company audit is an example of audit.

A:-Government audit