1071. Cost of removal of business to a more convenient place is a :

A. Capital expenditure
B. Revenue expenditure
C. Differed revenue expenses *
D. None of the above

1072. Expenses on experiments are :

A. Revenue expenses
B. Capital expenses
C. Differed revenue expenses *
D. None of the above

1073. Interim audit refers to :

A. Examination of accounts continuously
B. Examination of account intermittently
C. Auditing a company’s interim profits *
D. Conducting an audit for the purpose of giving bonuses at the end of the year

1074. Find audit implies:

A. Accounts audit at year’s end *
B. Last but not least, checking accounts to find frauds
C. Audit for submitting the report at the end of the year right away
D. Audit of banking companies

1075. A continuous audit is specially needed for :

A. Any trading concern
B. Smaller concerns
C. Banking companies *
D. Any manufacturing concern

1076. Alteration of figures after audit is a limitation of :

A. Final Audit
B. Continuous audit *
C. Interim Audit
D. None of the above

1077. Joint audit implies :

A. Audit of two concern together
B. Audit of joint stock companies
C. Audit of Joint sector Companies
D. Audit of two firms C.A *

1078. Management audit means :

A. An audit carried out on behalf of management;
B. An evaluation of the performance of various management processes and functions*
C. An audit carried out on behalf of management of government publications.
D. Compulsory audit of company management

1079. Systems audit implies :

A. Systematic examination of accounts
B. Audit undertaken to improve auditing systems
C. Enquiring accounting and control systems *
D. Checking the performance of management

1080. Internal audit means :

A. Audit conducted to verify the truth and fairness of the situation.
B. Internal audit carried out to evaluate management functions
C. Audit undertaken by employees for the organization to check financial irregularities *
D. Internal affairs improvement audit by independent auditor