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Accounting MCQs — Test 2

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Question 1
The systems of accounting are _____________?
Question 2
____________ is a systematic examination of the books and records or a business?
Question 3
The main object of an audit is _____________?
Question 4
An auditor is like a_______________?
Question 5
Process of verifying the documentary evidences of transactions are known as___________?
Question 6
Auditing is compulsory for____________?
Question 7
Concealment of shortage by delaying the recording of cash receipts is known as_____________?
Question 8
The fundamental objective of the audit of a company is to_____________?
Question 9
The concept of stewardship means that a company’s directors________________?
Question 10
Why do auditors concentrate their efforts on material items in accounts?