ISRO Accounts Officer 2007

Instructions

For the following questions answer them individually

ISRO Accounts Officer 2007 - Question 71


Which of the following best describes the primary objective of an independent financial audit?

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ISRO Accounts Officer 2007 - Question 72


“An auditor is a watchdog and not a bloodhound.” This was observed in

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ISRO Accounts Officer 2007 - Question 73


When prices show a rising trend, which one of the following methods of inventory valuation will result in lower income and lower valuation of inventory?

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ISRO Accounts Officer 2007 - Question 74


Which of the following sections of the Companies Act 1956 deals with the maintenance of proper books of account ?

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ISRO Accounts Officer 2007 - Question 75


Who among the following is the bread butter scientist of economics?

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ISRO Accounts Officer 2007 - Question 76


A consumer is in equilibrium when he spends his income according to the

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ISRO Accounts Officer 2007 - Question 77


The employer should obtain Tax deduction Account Number(TAN) from ITO[TDS] as per Section :

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ISRO Accounts Officer 2007 - Question 78


A valid Contract should contain the following essentials :

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ISRO Accounts Officer 2007 - Question 79


A cheque dated Oct. 12, 2006, is presented for payment on Oct. 27, 2006. It is however observed that the cheque book from which the cheque was issued, was issued to the customer on Oct. 22, 2006 only. What would the bank do with the cheque?

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ISRO Accounts Officer 2007 - Question 80


Banks do not disclose the affairs of the customer’s account and maintain secrecy in terms of which of the following:

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