45.

46.

47,

48.

49.

81.

52.

58.

The auditor is most likely to examine related party transactions very carefully while
vouching :

(ಗೈ) credit sales (18) sales return
(0) credit purchases (D) eash purchase
The creditors accounts, generally, have credit balance. Debit balance may be due to :
(A) Advance paid against an order (B) Goods returned
(C) Wrong debit to supplier a/c (D) Any of these
The time lag between indenting and receiving material is c_a].lgd ಕ
(^) Lead time (B) Idle time
() Stock out time (D) None of these

Depreciation is based on :
(ക) 80011011110 life of asset (B) Declared life of asset by supplier
(0) Normal life of asset (12) None of these

An endowment insurance policy can be taken in respect ‏ده‎
‎(A) Fire insurance (B) Accident insurance

(C) Life insurance (D) None of these

Double entry book-keeping was fathered by :
(A) F.W. Taylor (B) Henry Fayol
(0) Luca Pocioli (D) James Watt

‘Which of the following ways can be used to create ‘Secret Reserves'?
(A) Writing off excessive depreciation
(13) Charging capital expenditure to profit and loss ೫/೮
(0 Showing contingent liability as an actual liability
(D) All of above

Which one of the following will lead to understatement of net profit?
(ക - Amortization of fictitious assets
(0) Treating capital expenditure as revenue expenditure
(0 Treating revenue expenditure as eapital expenditure
(D) Creation of general reserve

The word ‘credit’ has been derived from the Latin word ‘credere’ which means ‏٭‎
‎ஙி லட்‌ (2) ண்ட்‌
(9) ‘to-take' യ) “ലണ്ട്‌

171/2015 8 A