Post on 23-Dec-2015
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SEMESTER 4 TH B.COM
IMPORTANT QUESTIONS OF AUDITING – I
1. Give meaning of auditing. Explain advantages and limitation of auditing.
2. “Accountancy a necessary, while auditing a luxury.” explain in details.
3. Difference between ACCOUNTANCY and AUDITING.
4. Discuss the provisions of companies act, 1956 regarding appointment of
auditor.
5. Short note: Qualification of auditor.
Disqualification of auditor
6. “vouching is the essence of auditing ” Explain.
OR
Importance of vouching.
7. Auditors duties regarding vouching.
8. Short notes: Cash sales Collection from debtors cash receipts transactions. Issues of right shares Income tax refund
Payment of wages Technical know-how cash payment transactions. Formation expenses Int. paid u/s 208 of company act.
9. Meaning of verification and auditors duties.
10. Meaning of valuation and auditors duties regarding valuation.
11. Difference between valuation and verification.