MCQ Collection
AJKPSC Accounts Audit Finance MCQs
Practice AJKPSC Accounts Audit Finance questions with answers and explanations.
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Correct Answer: B. a statement that sufficient evidence was not obtained to form an opinion
Explanation:
disclaimer of opinion refers to a statement that sufficient evidence was not obtained to form an opinion
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Correct Answer: B. 25
Explanation:
18 + 7 = 25.
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Correct Answer: B. is
Explanation:
The subject is “One”, which is singular.
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Correct Answer: D. unmodified opinion
Explanation:
unmodified opinion is the term that matches the description: an opinion that statements are presented fairly in all material respects
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Correct Answer: B. 1360
Explanation:
Simple interest = P×R×T/100 = 6800×10×2/100 = 1360.
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Correct Answer: D. expense
Explanation:
expense is the term that matches the description: a cost consumed in earning revenue
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Correct Answer: A. a tax whose effective rate rises as the tax base increases
Explanation:
progressive tax refers to a tax whose effective rate rises as the tax base increases
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Correct Answer: B. permanent
Explanation:
“permanent” is the antonym of “temporary”.
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Correct Answer: B. modern
Explanation:
“modern” is the antonym of “ancient”.
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Correct Answer: C. 58
Explanation:
48 + 10 = 58.
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Correct Answer: B. 780
Explanation:
Simple interest = P×R×T/100 = 5200×5×3/100 = 780.
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Correct Answer: D. independence
Explanation:
independence is the term that matches the description: freedom from relationships that compromise objective judgement