Correct Answer:- Option-C
Question78:-Bird-in-the-hand theory is related to
A:-Cost of capital
B:-Capital budgeting
C:-Dividend
D:-None of the above
Correct Answer:- Option-C
Question79:-Stable dividend policy means
A:-Constant dividend per share
B:-Constant percentage of earnings
C:-Minimum rate of dividend per share plus extra dividend when the company has huge profits
D:-All the above
Correct Answer:- Option-D
Question80:-Scrip dividend means
A:-Dividend in the form of new shares rather than in cash
B:-Arrear dividend paid to preference shareholders in the form of assets
C:-Issue of transferable promissory note to pay shareholders at a later date
D:-Dividend paid before a company's annual general meeting of company as advance
Correct Answer:- Option-C
Question81:-Teaming and lading denotes
A:-Book keeping fraud
B:-Delayed accounting
C:-Hiding shortage of cash
D:-All the above
Correct Answer:- Option-D
Question82:-Audit conducted between two Periodical or Balance Sheet audit is known as
A:-Interim audit
B:-Post audit
C:-External audit
D:-None of the above
Correct Answer:- Option-A
Question83:-Audit note book is maintained by
A:-Chief auditor
B:-Internal auditor
:-Audit clerk
D:-None of the above
Correct Answer:- Option-C
Question84:-Who is the owner of Audit working paper ?
A:-Auditor
B:-Client
:-Company
D:-None of the above
Correct Answer:- Option-A
Question85:-Which of the following does not affect the independence of an auditor ?
A:-Integrity
B:-Objectivity
C:-Materiality
D:-Professional Behavior
Correct Answer:- Option-C
Question86:-Auditing planning need not cover
A:-Acquiring knowledge about the client's accounting system
-Establishing expected degree of reliance
C:-Determining the amount of expense to be incurred
D:-Co-ordinating the work to be performed
Correct Answer:- Option-C
Question87:-The technique used to evaluate the internal control system in the organisation
A:-Risk assessment procedure
B:-Narrative records
C:-Observation