MCQ Collection
FPSC Accounts Audit Finance MCQs
Practice FPSC Accounts Audit Finance questions with answers and explanations.
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Correct Answer: B. obvious
Explanation:
“obvious” is a synonym of “evident”.
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Correct Answer: B. ledger
Explanation:
ledger is the term that matches the description: the collection of accounts used to classify transactions
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Correct Answer: C. wise
Explanation:
“wise” is a synonym of “prudent”.
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Correct Answer: A. a tax imposed directly on income, wealth or profits
Explanation:
direct tax refers to a tax imposed directly on income, wealth or profits
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Correct Answer: A. the book of original entry
Explanation:
journal refers to the book of original entry
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Correct Answer: C. 25
Explanation:
18 + 7 = 25.
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Correct Answer: A. 42
Explanation:
20% of 210 = 20/100 × 210 = 42.
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Correct Answer: B. government income from sources other than taxes
Explanation:
non-tax revenue refers to government income from sources other than taxes
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Correct Answer: A. URL
Explanation:
URL is the term that matches the description: the address of a resource on the web
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Correct Answer: B. inherent risk
Explanation:
inherent risk is the term that matches the description: susceptibility to misstatement before considering controls
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Correct Answer: A. This method is more efficient than the old one.
Explanation:
“More efficient than” is the correct comparative construction.
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Correct Answer: A. an estimated liability of uncertain timing or amount
Explanation:
provision refers to an estimated liability of uncertain timing or amount