Forwarded from Divya Agarwal Mam (AIR 3)
FOUNDATION LEVEL QUIZ
A person finds a purse lying unattended on a bench in a park. He contacts the owner and demands a reward for returning it. Is he entitled to a reward?
A person finds a purse lying unattended on a bench in a park. He contacts the owner and demands a reward for returning it. Is he entitled to a reward?
Anonymous Quiz
30%
A. Yes, because the return of property creates an implied contract
53%
B. No, as there was no prior agreement or reward offered
11%
C. Yes, based on the doctrine of unjust enrichment
7%
D. No, as it amounts to coercion
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Forwarded from Divya Agarwal Mam (AIR 3)
INTER LEVEL QUIZ
Which of the following is the auditor’s duty when there is a suspected fraud affecting financial statements?
Which of the following is the auditor’s duty when there is a suspected fraud affecting financial statements?
Anonymous Quiz
21%
A. Perform detailed forensic audit procedures
18%
B. Discuss the matter directly with shareholders
58%
C. Communicate the suspicion to management or those charged with governance
3%
D. Ignore unless the fraud is material
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Forwarded from Divya Agarwal Mam (AIR 3)
FINAL LEVEL QUIZ
A company plans to declare dividends while defaulting on deposits. Can the dividend be declared?
A company plans to declare dividends while defaulting on deposits. Can the dividend be declared?
Anonymous Quiz
11%
A. Yes, if a special resolution is passed
62%
B. No, as per the Companies Act, 2013 restrictions
10%
C. Yes, if the default is unrelated to secured creditors
17%
D. Yes, with prior approval from the National Company Law Tribunal (NCLT)
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