CA INTERMEDIATE QUIZ
Which of the following is not the benefit of Audit Planning?
Which of the following is not the benefit of Audit Planning?
Anonymous Quiz
10%
Assisting in co-ordination of work done by experts
13%
Facilitating the direction and supervision of engagement team members
68%
Reducing the risk of appropriate opinion by the auditor
9%
Helping the auditor identify and resolve potential problems on a timely basis
👍4❤3
CA INTERMEDIATE QUIZ
Which of the following is not included in Engagement Letter as per SA 210?
Which of the following is not included in Engagement Letter as per SA 210?
Anonymous Quiz
12%
Applicable Financial Reporting Framework.
12%
Management's responsibility regarding preparation and presentation of FS.
48%
Accounting Policies which are applied in preparation and presentation of FS.
27%
Management shall provide additional information requested by the Auditor.
❤4👍1
QUIZ CA INTERMEDIATE
By closing down the manufacturing, the organisation will save some discretionary fixed cost. Which of the following is the most appropriate sentence regarding this cost?
By closing down the manufacturing, the organisation will save some discretionary fixed cost. Which of the following is the most appropriate sentence regarding this cost?
Anonymous Quiz
15%
It is an example of Sunk Cost and it is relevant cost for decision making.
18%
It is an example of Sunk Cost and it is irrelevant cost for decision making.
59%
It is an example of Shut-down Cost and it is relevant cost for decision making.
8%
It is an example of Shut-down Cost & it is irrelevant cost for decision making.
👍2
CA INTERMEDIATE QUIZ
Depreciation Schedule as per Companies Act, 2013 and Income Tax Act, 1961 do not match totally. However, which of the following items can be same in both the schedules?
Depreciation Schedule as per Companies Act, 2013 and Income Tax Act, 1961 do not match totally. However, which of the following items can be same in both the schedules?
Anonymous Quiz
30%
Opening Balances of PPE
39%
Additions of PPE
20%
Sale/ Deletion of PPE
11%
Depreciation
❤1
CA INTERMEDIATE QUIZ
Cost of Production = Rs. 3,50,000, Total Units Produced = 4,000, Units sold = Rs. 3,600. Cost of Good sold = ?
Cost of Production = Rs. 3,50,000, Total Units Produced = 4,000, Units sold = Rs. 3,600. Cost of Good sold = ?
Anonymous Quiz
6%
a. Rs. 3,85,000
85%
b. Rs. 3,15,000
6%
c. Rs. 3,11,111
3%
d. Rs. 3,88,889
CA INTERMEDIATE QUIZ
If there is increase in the angle of incidence, P/ V ratio will...
If there is increase in the angle of incidence, P/ V ratio will...
Anonymous Quiz
62%
Increase
25%
Decrease
13%
Will not change
CA INTERMEDIATE QUIZ
The cost which is represented by the forgone potential benefit from the best rejected course of action is known as........ and it is for.....decision making
The cost which is represented by the forgone potential benefit from the best rejected course of action is known as........ and it is for.....decision making
Anonymous Quiz
5%
Committed Cost, Relevant
8%
Committed Cost, Irrelevant
81%
Opportunity Cost, Relevant
6%
Opportunity Cost, Irrelevant
🔥1
CA INTERMEDIATE QUIZ
If there is decrease in the contribution margin, P/V ratio will...
If there is decrease in the contribution margin, P/V ratio will...
Anonymous Quiz
25%
increase
72%
decrease
3%
not change