FPSC Senior Auditor Past Papers 2018 Batch#02

Senior Auditor FPSC Past Paper 2018

This test of Senior Auditor was taken by FPSC in 4 Batches all over Pakistan. The test comprised of 100 multiple short questions. This test was taken on 13th August 2018. We have collected these questions from Senior Auditor aspirants. It was impossible to get all the 100 Questions so we collected as much as possible. Good luck and remember me in your prayers. 
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nts| ppsc | fpsc | ots | pts | uts 2019
1.      An important distinction between the direct method and the indirect method of preparing a statement of cash flows is that?

2.      A corporation's free cash flow is its?

3.      Which of the following is ordinarily computed and reposed as part of the financial statements of a large corporation?

4.      The basic purpose of preparing classified financial statements is to?

5.      The meaning of the word procurement?

6.      Cost center means?

7.      _____the risk _____ the materiality, the audit procedures.

8.      Capital Account is _____ in nature.

9.      The formula for Machine working hours was asked.

10.  PAAS stands for?

11.  Following are not the nominal accounts?

12.  A question about the super tax was asked.

13.  Another question was about the Master budget.

14.  Increase in the value of assets is called?

15.  Financial statements are prepared?

16.  The basic purpose of an accounting system is to?

17.  Information is cost-effective when?

18.  Although accounting information is used by a wide variety of external pal ties?

19.  Financial reporting is primarily directed toward the information needs?

20.  All of the following are characteristics of managerial accounting, except?

21.  In comparison with a financial statement prepared in conformity with generally accepted accounting principles, a managerial accounting report is more likely to?

22.  The nature of an asset is best described as?

23.  The amount of owner's equity in a business is not affected by?

24.  Inventory is considered a current asset because it?

25.  The primary economic function of a wholesaler is to?

26.  The income statement of Laurel Company shows a large gross profit. This means that Laurel?

27.  In a perpetual inventory system, purchases of merchandise on the account are recorded by debiting?

28.  Colby's General Store uses a periodic inventory system. At year-end, the balance in the Inventory account is $8,500. Assuming that the inventory records have been maintained properly, a year-end physical inventory?

29.  Ward Company discovered that merchandise purchased on the account was defective and returned this merchandise to the supplier. The entry to record this return will reduce Ward's?


30.  Which of the following should not be included as part of cash on the balance sheet?



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