14) What should be the optimum Dividend payout ratio, when r=12% and Ke=10%?
Anonymous Quiz
37%
Zero
20%
50%
34%
12%
9%
100%
A request from the client for the auditor to change the engagement may result from -
Anonymous Quiz
12%
a change in circumstances affecting the need for the service
9%
a misunderstanding as to the nature of an audit or related service originally requested
17%
a restriction on the scope of the engagement,whether imposed by mangmnt or caused by circumstances
63%
All of the above
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👍1
16) While evaluating projects with different initial outlay, which of the following methods is more appropriate than NPV?
Anonymous Quiz
22%
Payback period
28%
Accounting rate of return
26%
Profitability index
24%
Discounted Payback Period
17) In order to form the opinion, the auditor shall conclude as to whether the auditor has obtained ______ about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error.
Anonymous Quiz
78%
Reasonable assurance
15%
Absolute assurance
4%
Limited assurance
3%
None of the above
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CA Inter IDT Rapid Revision Nov 2023
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CA Inter IDT Rapid Revision Nov 2023
Finish IDT in 3 days with practicing MCQs & exam questions
Practicing questions = Secure exemption
Sep 29, 30 & Oct 6 👉 10am to 5pm
Lets crack it together
Book your seat now
Connect us on - 9746 8080 15
Our Major links
WhatsApp study group - https://chat.whatsapp.com/E6JFiZLLR3RFmZnn96qWXD
Telegram Channel(exclusively for MCQ practice) - https://t.me/study_cab
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18) A company has a Debt Equity ratio of 1.75 as compared to 1.5 Industry average. It means that the company has _______________.
Anonymous Quiz
23%
Higher capital employed
54%
Higher financial risk
13%
Higher capital employed
10%
Higher profitability
19) ______ refers to an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence.
Anonymous Quiz
66%
Professional skepticism
24%
Professional Judgement
9%
Integrity
2%
Objectivity
❤2
20) A company’s Current Ratio is 2.0. If it uses cash to pay creditors , this transaction would cause:
Anonymous Quiz
25%
No change in the liquidity position
25%
No change in current ratio
34%
Decrease in current ratio
16%
Increase in current ratio
👎3
21) P appoints Q, a minor to sell his car for not less than Rs. 2.5Iacs. Q sells it for Rs. 2Iacs, whether P will be bound by the transaction or the transaction will be revoked?
Anonymous Quiz
35%
P will be bound to sell the car for Rs. 2lacs
41%
P will be liable to compensate the party involved, in case of revocation
20%
P will not be bounded by the transaction
4%
None of the above
👍1
22) A asks H to kill Z and promises to indemnify H against the consequences. H kills Z and is fined Rs.1000. Can H (indemnity holder) is able to claim the amount of Rs. 1000 from A (indemnifier)?
Anonymous Quiz
19%
Yes
73%
No
6%
Partly Yes & Partly No
3%
Can't say
23) Mr. Ramesh is an Indian citizen and he has stayed in India for a period of 170 days during the last immediately preceding calendar year, does he is eligible to incorporate One Person Company?
Anonymous Quiz
50%
Yes
45%
No
4%
Partly Yes
0%
Partly No
👍1
24) Mrs. Monali is a Chief Financial officer of M/s TATA Ltd. He is a relative of Ms. Sona who is a Chartered Accountant, who desires to appoint as auditor in M/s TATA Ltd. Whether Ms. Sona is eligible to appoint as auditor in M/s TATA Ltd.?
Anonymous Quiz
27%
Yes
68%
No
4%
Partly Yes
0%
Partly No
👍2
StudyCab
23) Mr. Ramesh is an Indian citizen and he has stayed in India for a period of 170 days during the last immediately preceding calendar year, does he is eligible to incorporate One Person Company?
The answer will be yes.
Residence status for formation of OPC also undergone change, instead of stay of 182 days in India, if a person is in India for 120 days or more, in preceding FY, he can be considered as Resident in India.
Sorry for the mistake.
Residence status for formation of OPC also undergone change, instead of stay of 182 days in India, if a person is in India for 120 days or more, in preceding FY, he can be considered as Resident in India.
Sorry for the mistake.
👍6😁2
A leave a cow in custody of B to be taken care of. The cow gives birth to a calf. What will be its consequences with context on contract of Bailment?
Anonymous Quiz
10%
B is only bound to deliver the cow
76%
B is bound to deliver the calf as well as the cow to A
12%
A is require to pay for the acquisition of calf from B
2%
A is require to pay for the acquisition of calf from B
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CA Inter Law Rapid Revision for Nov 2023 term examination.
This will boost your preparation and enhance your confidence 👍.
Class conducted by expert faculty CS Asif Ali sir
Starts on Oct 8
Full assistance till exam
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26) Offences committed under the Negotiable Instruments Act can be……..
Anonymous Quiz
29%
Compoundable
21%
Non compoundable
31%
Non compoundable and non-bailable
19%
Bailable
🥰1
27) A principal owes a duty to ……………..the agent for any losses the agent suffers because of the Principal. This duty usually arises where an agent is held liable for the principal’s misconduct.
Anonymous Quiz
20%
Ratify
19%
Rectify
61%
Indemnify
1%
None of the above
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CA Inter Accounting Rapid Revision for Nov 2023 term examination.
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28) Which among the following is to be considered as a Gratuitous Bailment?
Anonymous Quiz
18%
For the exclusive benefit of Bailor
16%
For the exclusive benefit of Bailee
41%
For the mutual benefit of Bailor & Bailee
25%
Both a or b