Audit 2019 Past Paper with Answers

Practice the Audit 2019 past paper with 56 solved MCQs, answers and topic coverage.

56 solved MCQs across 1 approved paper

SENIOR AUDITOR PAST PAPER 2019Auditor · 2019

Assuming a single journal entry is made to adjust Quinn Company's accounting records at January 31, the journal entry includes ______?Answer: A credit to Cash for $450. Which of the following explains the debit and credit rules relating to the recording of revenue and expenses?Answer: Revenue increases owner's equity and is recorded by a credit; expenses decrease owner's equity and are recorded as debits. Which of the following is provided by a trial balance in which total debits equal total credits?Answer: Proof that the ledger is in balance. According to the rules of debit and credit for balance sheet accounts ______?Answer: Decreases in liability and owners' equity accounts are recorded by debits. What information would you find in a statement of cash flows that you would not be able to get from the other two primary financial statements?Answer: Cash provided by or used in financing activities. A transaction caused a $15,000 decrease in both assets and total liabilities. This transaction could have been _____?Answer: Repayment of a $15,000 bank loan. Characteristics of internal accounting information include all of the following except?Answer: It is audited by a CPA Which of the following is not a user of internal accounting information?Answer: Auditor External users of financial accounting information include all of the following except?Answer: Line managers Which of the following is a complex sentence? He would walk down the long, frosty, moonlit lane., During watching the movie, she decided that a walk to the park would refresh her., The sky became quickly dark and the weather looked as if it would rain., None of these.Answer: The sky became quickly dark and the weather looked as if it would rain. Choose the Noun: Smelling the fish was very appetizing.Answer: Fish Choose the correct punctuated sentence: Naila’s aunt, a caring lady, always bought her cakes, sweet, and a nice fresh orange., Naila’s aunt, a caring lady, always bought her cakes, sweet, and nice fresh orange., Naila’s aunt, a caring lady always bought her cakes, sweet, and nice fresh orange., None of these.Answer: Naila’s aunt, a caring lady, always bought her cakes, sweet, and a nice fresh orange. Choose the correct punctuated sentence: Aftab’s colleagues were uncooperative, so his father went round to have a word., Aftab’s colleagues were uncooperative; so his father went round to have a word., Aftab’s colleagues were uncooperative: so his father went round to have a word., None of these.Answer: Aftab’s colleagues were uncooperative, so his father went round to have a word. Choose the correct punctuated sentence: Gwadar is a beautiful port city; the beaches are warm, sandy and spotlessly clean., Gwadar is a beautiful port city, the beaches are warm, sandy and spotlessly clean., Gwadar is a beautiful port city: the beaches are warm, sandy and spotlessly clean., None of theseAnswer: Gwadar is a beautiful port city; the beaches are warm, sandy and spotlessly clean. She _____ her office by bus.Answer: Goes She clearly didn't take time to give time to the issue, so we didn't _____ the point.Answer: Follow Farah remained calm when she won the best employee award and _____ about her business as if nothing had happened.Answer: Went _____ teaching English, she also writes for various newspapers.Answer: In addition to Don't make such a _____ over getting an injection.Answer: Fuss My holiday in the UK gave me a great _____ to know their social structure.Answer: Chance An educated person is never _____ complainatory.Answer: Such Jalal _____ English, Urdu and bit of Dari.Answer: Speak Sorry I'm late ______ for a long time?Answer: Have you been waiting Teenages enjoy ______ outdoor games.Answer: Playing _____ you like feeding wild birds?Answer: Do Mr. Rehman prefers tea _____ coffee.Answer: Than