A 'Social Audit' differs from financial audit as it: MCQ with Answer and Explanation

Question

Share Report Error

A 'Social Audit' differs from financial audit as it:

A. Examines social and environmental performance

B. Is for tax purposes

C. Ignores stakeholders

D. Is done by a chartered accountant only

Answer: Option A

Solution (By JKSSB Mock Tests)

Social audit evaluates non-financial aspects like social impact.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Accountancy and Book Keeping Questions

Question #1

The 'Indian Accounting Standards' (Ind AS) are issued by:

A. SEBI

B. ICAI

C. MCA (Ministry of Corporate Affairs)

D. RBI

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option C

Explanation:
Ind AS are notified by the Ministry of Corporate Affairs under Companies Act.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

Marginal cost is the cost of:

A. Producing one additional unit

B. Total cost divided by units

C. Fixed costs

D. Producing one unit

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
Marginal cost is the change in total cost due to producing one additional unit.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

Which of the following would cause a difference in Cash Book and Pass Book?

A. All of the above

B. Direct deposit by a customer into bank

C. Bank charges debited by bank

D. Interest credited by bank

View Answer & Solution Discuss

Get Complete Subject PDF for Accountancy and Statistics

Correct Answer: Option A

Explanation:
All these items may be recorded by bank but not yet by customer, causing timing differences.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Explore All Accountancy and Book Keeping MCQs