CA Inter NotesForAll

Cut-off testing is performed during audit of sales to address which of the following assertion: 1 Occurrence 2 Measurement 3 Completeness 4 Existence

CA INTERMEDIATE Working capital = (A) Core current assets less current liabilities (B) Core current assets less core current liabilities (C) Liquid assets less current liabilities (D) Current assets less current liabilities

CA INTERMEDIATE A statement as to auditor's believing that the audit evidence, we have obtained is sufficient and appropriate to provide a basis for their opinion is mentioned in which section of the auditor's report?

Return on investment depends on two ratios (A) Net profit ratio and capital turnover ratio (B) Gross profit ratio and net profit ratio (C) Capital employed ratio and assets turnover ratio (D) Earnings per share and net profit ratio

CA INTERMEDIATE During the course of audit of intangible assets, expenditure incurred during which of the following phase is generally not capitalised: 1 Research phase 2 Development phase 3 Both (a) and (b) 4 None of the above

CA INTERMEDIATE Contingencies are – (A) Added to gross working capital (B) Deducted from gross working capital (C) Contingencies are not considered in financial management; it is considered in accounts only (D) None of the above

CA INTERMEDIATE Which of the following is not a section of the SA 700 auditor's unmodified (unqualified) opinion? 1 Management's responsibility for the financial statements 2 Opinion 3 Report on other audit activities 4 Auditor's responsibility

CA INTERMEDIATE Which of the following holds that a country can increase its wealth by encouraging exports and discouraging imports 1 Capitalism 2 Socialism 3 Mercantilism 4 Laissez faire

CA INTERMEDIATE Interest payable by a non-corporate assessee for deferment of advance tax is (A) 1.03% p.m. (B) 15% p.a. (C) 18% p.a. (D) 1% p.m.

CA INTERMEDIATE Which of the following culminated in the establishment of the World Trade Organization? 1 The Doha Round 2 The Tokyo Round 3 The Uruguay Round 4 The Kennedy Round

CA INTERMEDIATE Which of the following holds that a country can increase its wealth by encouraging exports and discouraging imports 1 Capitalism 2 Socialism 3 Mercantilism 4 Laissez faire

Demand is affected by weather conditions and seasonal aspects also. This statement is— (a) Tr ue (b) False (c) Partially True (d) Nothing can be said

X & Co., a supplier registered under GST in Meghalaya, wants to opt for composition levy. The aggregate turnover limit for composition levy is- (a) ` 50 lakh (b) ` 75 lakh (c) ` 1.5 crore (d) none of the above

Process which integrates flow supplies into through and out of an organisation