Bangalore University 2010-1st Sem B.Com Accounting and Finance Vester , /e (Semester scheme)(New) COMMERCE (Elective -3(a)) Auditing-II - Question Paper

VI semester B.Com examination, May/June 2010
(Semester scheme)(New)
COMMERCE (Elective Paper-3(a))
Auditing-II
Time : three hrs max. marks:90
SECTION-A
1. Answer any 10 sub-questions. every sub ques. carries two marks (10x2=20).
a) Give the meaning of voucher.
b) What is meant by collateral voucher?
c) Name the vouchers to be examined for cash sales.
d) State any 4 causes of depreciation.
e) How do you compute depreciation under Annuity method?
f) How is the 1st auditor of a company appointed?
g) Who is Statutory Auditor?
h) Give the meaning of divisible profits.
i) Name the 2 basic kinds of reserves.
j) Give the meaning of professional ethics.
k) What is unclaimed dividend?
l) What is cost audit?

SECTION-B
ans any 5 of the subsequent. every ques. carries five marks.
2. Briefly discuss the significance of vouching.
3. Write a note on vouching of cash received from debtors.
4. Briefly discuss the factors to be considered while providing depreciation.
5. State the qualifications and disqualifications of company auditor.
6. How is secret reserve created?
7. Explain the significance of SAPs.
8. Who is considered as "Member in Practice"?
9. State any fie differences ranging from cost audit and financial audit.
SECTION-C
ans any 3 of the subsequent. every ques. carries 15 marks.
10. Define vouching. discuss vouching of:
a) Wages paid
b) Purchase of investments
c) Sale of land.
11. Explain different methods of depreciation and analyse the role of auditor as regards depreciation,
12. Give an explanatory note on the appointment, remuneration and tenure of company auditor.
13. Explain the audit procedure of Banking Company.
14. What are Auditing standards? discuss their need and importance.

Earning:   Approval pending.