Correct Answer:- Option-B
Question58:-The word ‘audit' is derived from the Latin word audire which means
A:-To check
B:-Verify
C:-Watch dog
D:-To hear
Correct Answer:- Option-D
Question59:- audit is conducted by the employees of the business itself.
A:-Independent audit
B:-Statutory audit
C:-Internal audit
D:-Government audit
Correct Answer:- Option-C
Question60:- is auditors plan of action.
A:-Audit note book
B:-Audit working papers
C:-Audit programme
D:-Audit files
Correct Answer:- Option-C
Question61:-Which of the following is illegal ?
A:-Tax planning
B:-Tax avoidance
C:-Tax evasion
D:-All of them
Correct Answer:- Option-C

Question62:-Some times a person deducts tax at source but does not deposit it in government treasury, such person is
called

A:-Ordinary assessee
B:-Deemed assessee
C:-Assessee in default
D:-None of these
Correct Answer:- Option-C
Question63:-What will be the previous year in the case of assesse who closes his accounts on 31-3-2006 ?
A:-2004-2005
-2005-2006
C:-2006-2007
D:-2003-2005
Correct Answer:- Option-B

Question64:-An individual is considered as Resident u/s 6(1) if he was India for a period
previous year.

A:-60 days

B:-180 days

C:-365 days

D:-182 days

Correct Answer:- Option-D
Question65:-Which type of audit is conducted throughout the year ?

A:-Annual audit

B:-Interim audit

C:-Complete audit

D:-Continuous audit

Correct Answer:- Option-D

days or more in the

Question66:- is the examination by the auditor documentary evidences relating to the recording of transactions in
support and thus cheeks the authenticity of such records.

A:-Vouching

B:-Confirming

C:-Footing

D:-Physical examination
Correct Answer:- Option-A

Question67:-The method of costing used in a refinery is
A:-Process costing