FPSC Senior Auditor (BS-16) 2018 Batch 3 solved Paper


Complete solved paper of Federal Public service Commission FPSC Senior Auditor (BPS 16) solved Past Paper 2018 (batch 3). It will help students and job seekers to prepare for the next upcoming jobs .


FPSC Senior Auditor (BS-16) 2018 Batch 3 solved Paper

Select one option out of four given options

  1. _______ the bad weather, the outdoor party was rescheduled.




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  3. ______ loosing the first match, our team has won the world cup.




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  5. You are wearing an army's uniform, but the _____ is missing.




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  7. University professors visit the website wwwsheirorg and _______ the data.




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  9. I am afraid ______ cats




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  11. Why did not have _______ questions for lecture.




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  13. Although its publicity has been ______, the film itself is intelligent, well-acted, handsomely produced and altogether _______.




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  15. Why are you still sleeping? you will be late. ______ of the bed now.




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  17. If I had money, I ______ it now.




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  19. The man _______ you met is an anchorperson.




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  21. The woman ______ is standing by the table works in electronic media.




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  23. If humans are totally deprived of sleep. they ______ hallucination, anxiety, coma and eventually death.




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  25. He is looking for accommodation _____ in flat or shared house.




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  27. You can go neither by train ____ by bus.




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  29. Before designing a public park, an architect must ______ the public.




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  31. When she was younger, she _____ five kilometers a day.




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  33. To check the acidity, one had better _____ litmus paper.




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  35. The house is large ____ quite old fashioned.




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  37. We need to find ____ method to solve this problem.




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  39. The student in our school are _____ in other schools




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  41. ______ is systematic examination of the books and records or a business.




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  43. Management audit otherwise called as ____




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  45. For which of the following organization audit is Optional




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  47. Auditor is ____




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  49. Prospectus is a document;




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  51. A sale of Rs. 50000 to Mr. A was entered as sale to Mr. B this is an example of




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  53. Preliminary expenses are the best example for ____




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  55. Capital reserves are created out of profits of ______.




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  57. The main objects of investigation is ______.




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  59. The cost of the asset after expiry after its useful life is called.




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  61. Excess of debit over credit is called




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  63. Manufacturing over head cost would include




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  65. The distinction between revenue account and capital account is necessary for the preparation of_____




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  67. Depreciation of machinery will be shown in the profit and loss account under the head of;




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  69. The accounting system in which the accounting entries are made on the basis of amount having become due for the payment or receipt is known as;




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  71. Assets which have no physical existence and which can not be seen, touched or felt are called?




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  73. Overhead cost is the total of _______?




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  75. Cost of sales plus profit is,




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  77. Depreciation of plant and machinery is a part of ____




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  79. The ratios which reflect managerial efficiency in handling the assets is _____.




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  81. Return on equity is also called




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  83. ______ involves the sale of used securities from one investor to another.




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  85. The process of planning and managing a firms long term investment is called




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  87. An equal increase in both current assets and current liabilities would




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  89. ______ are a short term temporary investment that can be readily converted into cash.




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  91. When bank statement shows a debit balance, it means




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  93. The accounting system in which the accounting entries are made on the basis of amount having become due for the payment or receipt is known as?




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  95. Test of control is not associated with




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  97. The comparison of net profit with the sales of the same year is




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  99. The term organization means




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  101. When shares are forfeited, the share capital account is debited with the_____




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  103. Two companies X co and Y co go into liquidation and a new Z co formed then it is known as______




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  105. Financial accounting reports are prepared primarily;




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  107. Stock in trade is valued




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  109. Share may be issued




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  111. Current ratio is




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  113. The ratio which shows the proportion of the profit retained in the business out of the current year profit is ______




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  115. Trading and profit and loss account and balance sheet is prepared from___




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  117. The amount of resources supplied by the owner in business is called




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  119. The process of recording the economic effects of business transactions in a book of ___




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  121. Partners in Pakistan can today be fixed at the following numbers.




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  123. Economic resources of a business that are expected to be of benefit in the future are referred to as




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  125. Any expenditure incurred to increase the profit earning capacity of a concern is the revenue expenditure.




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  127. Which of the following option indicate how quickly accounts receivable are converted into cash




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  129. Which of the following principle deals with the valuation and recording of the assets at cost?




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  131. The main electronic components used in the first generation computer was;




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  133. Which of the following is most powerful computer?




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  135. Assembly language started to be used from?




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  137. The auditor is most likely to examine the related party transactions very carefully while vouching




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  139. A share holder in a company




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  141. Production function refers




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  143. The board of director shall appoint first Auditor of a company_____




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  145. Real accounts are related with;




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  147. Which of the following is acronym of GAAP;




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  149. Which of the following is not among the five main kind of the current assets?




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  151. The audit is not a necessary requirement for which of the following companies




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  153. Which of the following feature is shown by the income statement for a merchandising company




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  155. Which one of the following is temporary account




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  157. An entry that effects more than one accounts is known as;




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  159. A bank offers 20% compounded monthly, What would be the effective annual rates of returns?




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  161. The discount account is a




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  163. direct expenses are charged on




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  165. Heavy expenditure on advertisements of a new product is a;




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  167. Which one of these considered as a non cash item




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  169. Costing stock appearing in trail balance will be taken to;




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  171. dividends and usually paid on;




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  173. The current account of a partner




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  175. Wages are paid to labor, who was engaged in production activities can be termed as;




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  177. The ratios which revealed the final results of the managerial policies and performances is




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  179. Sales Rs. 25000 variable cost Rs. 8000 fixed cost Rs. 5000, Break even sales in value




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  181. Which of the following term refers to the use of debit financing




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  183. Which of the following statement show assets, liabilities and net worth as on a specific date?




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  185. Which one of the following is not a form of business organization?




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  187. In which type of business all owners share in gain and losses and all have unlimited liabilities for all business debts?




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  189. A borrower is able to pay Rs. 40000 in 5 years. Given a discount rate of 12% What amount of the money a lender should lend?




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  191. Rule of 72 for finding the number of periods is fairly applicable to which of the following range of discount rates.




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  193. Which one of the following is rate of return that firm's creditors demand on new borrowing?




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  195. The difference between an investment market value and its cost is called ____ of the investment.




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  197. A model which makes an assumption about the future growth of the dividend is known as




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  199. Excess of debit over credit is called?




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