MCQOPTIONS
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MCQOPTIONS
This section includes 155 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce (B Com) knowledge and support exam preparation. Choose a topic below to get started.
| 151. |
Internal auditor is appointed by the |
| A. | Management |
| B. | Shareholders |
| C. | Government |
| D. | C & A-G |
| Answer» B. Shareholders | |
| 152. |
The object of internal check is to |
| A. | Control wastage of resources |
| B. | Prevent errors and frauds |
| C. | Verify the cash receipts and payments |
| D. | Facilitate quick decision by the management |
| Answer» C. Verify the cash receipts and payments | |
| 153. |
Internal check is suitable for |
| A. | Larger concerns |
| B. | Smaller concerns |
| C. | Petty shop- keepers |
| D. | None of the above |
| Answer» B. Smaller concerns | |
| 154. |
Internal check is essential for |
| A. | Petty traders |
| B. | Cash transactions in a large concern |
| C. | A concern using automatic equipments |
| D. | None of the above |
| Answer» C. A concern using automatic equipments | |
| 155. |
Window dressing implies |
| A. | Curtailment of expenses |
| B. | Checking wastages |
| C. | Under- valuation of assets |
| D. | Over- valuation of assets |
| Answer» E. | |