Part A
Answer any five questions which carry 2 marks.
1. Define Vouching?2. What is verification?
3. What do you mean by impersonal ledger?
4. What is a contingent liability?
5. What is EDP?
(5 x 2= 10 mark)
Part B
Answer any four questions. Each question carries 5 marks
6. What are the rights and powers of a company auditor?7. Difference between vouching and verification?
8. What are the civil liabilities of an auditor?
9. What is a contingent liability? How it is verified?
10. What are the objectives of Vouching?
(4 x 5 =20 marks)
Part C
Answer any one question. Each question carries 10 marks.
11. What is the internal check regards to credit purchase?12. Classify between capital and revenue expenditure?
(1 x 10=10marks)
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