Bangalore University 2009-1st Sem B.Com VESTER , - exam paper

VI SEMESTER B.COM. EXAMINATION, JUNE 2009
(Semester Scheme)
COMMERCE ( Elective Paper three (a)
Auditing - II

Time : three Hours Max. Marks : 90

part - A

1. ans any ten ques.. every ques. carries 2 marks. [10x2=20]

a) describe Voucher.

b) What is Annuity method of depreciation?

c) State 2 differences ranging from General reserve and Specific reserve.

d) What is depreciation?

e) Mention 2 disqualificatios of an auditor.

f) What do you mean by fictitious assets?

g) provide the meaning of embezzlement of cash.

h) provide the meaning of capital expenditure.

i) What is meany by qualified report?

j) What is misconduct?

part - B

ans any 5 ques.. every ques. carries five marks. [5x5=25]

2. explain the objective of vouching.

3. discuss the basis of depreciation.

4. What do you mean by divisible profits? elaborate the issues associated with the computation
of divisible profits?

5. elaborate the statutory qualifications of an auditor?

6. discuss five duties of an auditor, While verifing depreciation of fixed assets.

7. elaborate the disadvantages of depreciation under reducing balance method?

8. elaborate the general points to be noted by an auditor while auditing the account of
banking companies.

9. explain the points to be noted by the auditor while verifing tax returns of public trust.

part - C

ans any 3 ques.. every ques. carries 15 marks. [3x15=45]

10. How do you vouch the subsequent transactions:

a) Remuneration of Auditor.

b) Installment purchaces.

c) Travelling expenses.

11. discuss the rights, duties and liablities of an auditor.

12. explain breifly various kinds of depreciation and bring out the duties of an auditor
in this connection.

13. elaborate the points to be noted by an auditor while verifying the books of account
educational institutions?

14. elaborate secret reserves? What safeguards should an auditor observe with regard
to their creation, existence and utilisation?

Earning:   Approval pending.