PGT (Commerce previous year questions) (HTET) (Part – III)

Total Questions: 100

81. The term of the auditorship of first auditor would be from the date of appointment till:

Correct Answer: B. the conclusion of first annual general meeting

82. In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at________by passing a resolution.

Correct Answer: A. a general meeting

83. Which of the following statement is not true regarding appointment of auditor by the Central Government?

Correct Answer: B. If a company fails to appoint an auditor at a general meeting

84. If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a_________

Correct Answer: C. General meeting

85. Internal check is meant for_______.

Correct Answer: A. prevention of frauds

86. Purchase of machinery is a_______.

Correct Answer: C. capital expenditure

87. Sale of land is a_______.

Correct Answer: B. capital receipt

88. When a transaction has not been recorded in the books of account either wholly or partially such errors are called ________.

Correct Answer: B. errors of omission

89. The auditor of a Government company is appointed by the C & AG. His remuneration is fixed by:

Correct Answer: B. The shareholders

90. The section of the companies Act, 2013 which contains provisions regarding remuneration of the auditor is:

Correct Answer: C. Section 142