Lakshya Education MCQs

Question: Verification of financial statements is
A.external audit
B.internal audit audit audit
Answer: Option B

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More Questions on This Topic :

Question 1. The term policy is derived from
  1.    latin
  2.    greek
  3.    French
  4.    English
Answer: Option A
Question 2. A policy which is inferred from the behaviour of the superior is
  1.    specific policy
  2.    external policy
  3.    appealed policy
  4.    implicit policy
Answer: Option D
Question 3. The process of activity relating to the effective utilization of available resources for production is
  1.    planning
  2.    management
  3.    organization
  4.    decision making
Answer: Option B
Question 4. Cost volume profit analysis is otherwise called as
  1.    budgeting techniques
  2.    statistical controls
  3.    break even analysis
  4.    cost control
Answer: Option C
Question 5. A statement which reflects future incomes and expenditure
  1.    Profit and loss
  2.    Budget
  3.    Balance sheet
  4.    Cash account
Answer: Option B
Question 6. The management function which regulates the activities
  1.    co-ordination
  2.    control
  3.    direction
  4.    planning
Answer: Option B

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