Question

Match List-I with List-II and select the correct answer using the codes given below the lists.

List-I	List-II
a) Audit work is carried on almost simultaneously with the recording audit of transactions.	1. Balancesheet audit
b) auditor starts his work when final accounts have been prepared.	2. Continuous audit
c) Audit conducted between two annual audits.	3. Interim audit
d) Some of the books and records of the whole period or specific period are audited.	4. Cost audit
	5. Partial audit

• A. a-2, b-1, c-3, d-5
• B. a-1, b-2, c-3, d-4
• C. a-5, b-1, c-3, d-2
• D. a-4, b-2, c-1, d-3

Answer 1

The correct option is A a-2, b-1, c-3, d-5

a) Audit work is carried on almost simultaneously with the recording audit of transaction is termed as continuous audit.

b) Auditor starts his work when final accounts have been prepared is termed as Balance Sheet Audit.

c) Audit conducted between two annual audits is termed as Interim Audit.

d) Some of the books and records of the whole period or specific period are audited- its a partial audit.