CA Inter NotesForAll

When credit purchases of ` 5,100 is recorded on credit side and credit sales of ` 5,100 is recorded on debit side, this kind of error is called__________. a) Error of omission b) Compensating error c) Error of principle d) Error of commission

Which has less accuracy ? a) Accounting & Tax Compliance Software b) Only Tax Compliance Software c) Both (a) & (b) d) None of these

Loan or guarantee to or from the concerned client is an example of a) Self-review threats b) Self-interest threats c) Advocacy threats d) Intimidation threats

BI Stands for : a) Basic Intelligence b) Business Information c) Basic Inquiry d) Business Intelligen

Arrange the correct sequence of data analytics : i) Information, ii) Intelligence Decision, iii) Knowledge, iv) Data, v) Intelligence and vision a) (i),(ii),(iii),(iv),(v) b) (iii),(iv),(ii),(v),(i) c) (v),(i),(iii),(ii),(iv) d) (iv),(i),(

Audit evidence is necessary to support the auditor’s opinion and report. It is _____ in nature and is primarily obtained from audit procedures performed during the course of the audit. a) cumulative b) regressive c) selective d) objective

56. Which is not the specialty of Voucher number? a) Unique b) Chronological c) Serially Numbered d) Arial Font

Which of the following is not classification of NPA? a) Impaired b) sub standard c) doubtful d) Loss

ERP stands for : a) Enterprise Resource Particulars b) Employees Regular Performance c) Essential Reporting Plan d) Enterprise Resource Planning

Which of the following is fund based advance? a) Term loans b) Cash credits, c) Demand Loans d) All of the abov

In addition to the audit certificate in the form and various schedules, the auditor of Cooperative society in the applicable State has to answer two sets of questionnaires called a) Internal Control Questionnaire b) Audit Supplement c) Audit Memos

ata analytics process starts with a) Deletion of old Data b) Data Collection c) Data Separation d) Data Analysis

In case of Frauds involving amount less than INR 1 crores , the auditor should report to the :- a) Central Government b) Reserve Bank of India c) Bank’s Board/Audit Committee d) Comptroller & Audit Genera

Which is not a feature of ideal ERP : a) Manufacturing b) Controlling c) Projects d) Human Resources

There are different nature and types of businesses that are operated with purpose of earning profit. a) Two b) Three c) Four d) Five

A Ltd. has been assigned a Cash Credit limit of INR 20 lacs as against its Book Debts furnished as security. What kind of Security creation is it? a) Pledge b) Mortgage c) Assignment d) Set-off