Super Tax on companies is
a. In vogue in Pakistan
b. Not in vogue in Pakistan
c. None of above
Super Tax on companies is Read More »
Accounting
Income Tax rates are the same for
a. Limited Companies
b. Banking Companies
c. None of above
Income Tax rates are the same for Read More »
A resident multinational company need not
a. Pay income tax, if it s caused under Double Taxation agreement.
b. If it is not enjoying tax exemption under the Income Tax Ordinance, 1979 (Second Schedule).
c. None of above
A resident multinational company need not Read More »
If a firm has paid super-tax, its partners may follow any one of the following behaviours
a. No need to pay income tax, even if the income exceeds the taxable limit.
b. Pay income tax, even if the income does not exceed the taxable income.
c. Pay income tax as required under the law
d. None of these
Income Tax is levied on
a. Agricultural Income
b. Presumptive Income
c. None of above
Income Tax is levied on Read More »
An auditor is liable for his annual audit of accounts to
a. Creditors
b. Bankers
c. Owners
d. None of these
An auditor is liable for his annual audit of accounts to Read More »
Audit of a bank is generally conducted through
a. Routine checking
b. Couching
c. Balance sheet audit
d. None of these
Audit of a bank is generally conducted through Read More »
Internal Control is totally synonymous with
a. Internal check
b. Internal audit
c. None of above
Internal Control is totally synonymous with Read More »
Stratified audit sample means
a. Randomly selected items for audit
b. Purposively selected items for audit
c. Items carefully selected from each group
(d) None of these
Stratified audit sample means Read More »
Verification includes
a. Checking Vouchers
b. Examining audit report
c. None of the above
Verification includes Read More »