5568303707

23-11-I3-DTP7-RM-I2

Con. 9561-MN-9751-13.    3

(b) Fili in the blanks with most appropriate altcmative :•

(1)    Purchasc ledger includcs_accounts.

(i) Trade Crcditors (ii) Nominał (iii) Tradc Dcbtors (iv) Real

(2)    Claim madę on a Bank for compcnsation pending with the couit is_liability.

(i) Fixcd    (ii) Currcnt (iii) Contingent (iv) Short-term

(3)    _is a wasting asset in the case of a finn’s audit.

(i) Livc stock (ii) Copyright (iii) Patents (iv) Mincs

(4)    Arrears of preference dividend is a_liability.

(i)    Fictitious    (ii)    Contingent

(iii)    Long-term    (iv)    Short-term

(5)    Non-performing Assets are those overduc for morę than_days.

(i)    30    (ii) 60    (iii) 90 (iv) 120

(6)    A trading firm’s closing stock is va!ued at_as per AS 2.

(i)    Cost price    (ii)    Market price

(iii)    Cost or market price whichevcr is less

(iv)    Nonę of the above.

(7)    The tax-auditor has to submit his report to the_.

(i)    CharteredAccountant    (ii)    Govemment

(iii) Assessee    (iv) Comptrollcr&Auditor General

OR

4. Write short notes on (any thrcc)

(a)    Preparation prior to Audit of Banks.

(b)    Audit of a Partnership firm.

(c)    Propricty Audit.

(d)    Conditions to be complied with before declaration of dividend.