MCQ Collection
BPSC Accounts Audit Finance MCQs
Practice BPSC Accounts Audit Finance questions with answers and explanations.
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Correct Answer: C. susceptibility to misstatement before considering controls
Explanation:
inherent risk refers to susceptibility to misstatement before considering controls
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Correct Answer: C. boring
Explanation:
“boring” is a synonym of “tedious”.
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Correct Answer: B. payable
Explanation:
payable is the term that matches the description: an amount the entity owes to another party
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Correct Answer: C. a cost consumed in earning revenue
Explanation:
expense refers to a cost consumed in earning revenue
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Correct Answer: C. delicate
Explanation:
“delicate” is a synonym of “fragile”.
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Correct Answer: B. 27
Explanation:
The sum is 216 and there are 8 values, so the average is 27.
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Correct Answer: A. an amount owed to the entity
Explanation:
receivable refers to an amount owed to the entity
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Correct Answer: B. were
Explanation:
With neither...nor, the verb agrees with the nearer plural subject “assistants”.
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Correct Answer: A. reject
Explanation:
“reject” is the antonym of “approve”.
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Correct Answer: D. an audit performed by an independent external auditor
Explanation:
external audit refers to an audit performed by an independent external auditor
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Correct Answer: C. 1824
Explanation:
Simple interest = P×R×T/100 = 7600×8×3/100 = 1824.
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Correct Answer: D. 109
Explanation:
102 + 7 = 109.