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Articleship Interview

Authored by logan Lokesh

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Professional Development

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Articleship Interview
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16 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Super & Co. has three branches, in Salem, Chennai and Coimbatore, in the State of Tamil Nadu. Salem and Chennai branches are engaged in supply of garments and Coimbatore branch engaged in supply of shoes. Which of the following options is/are legally available for registration to Super & Co.?

     Super & Co. can obtain single registration for Tamil Nadu State declaring any one of the branches as principal place of business and other two branches as additional place of business

   Super & Co. can obtain separate GST registration for each of the three branches - Salem, Chennai and Coimbatore.

(i)           Super & Co. can obtain one GST registration for shoe business (Coimbatore branch) and another GST registration which is common for garments business (Salem and Chennai).

None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the goods are received in lots/instalment,

50% ITC can be taken on receipt of 1st lot and balance 50% on receipt of last lot

ITC can be availed upon receipt of last lot.

100% ITC can be taken on receipt of 1st lot.

Proportionate ITC can be availed on receipt of each lot/instalment

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

1.    During the month of May, Z Ltd. sold goods to Y Ltd. for Rs.2,55,000 and charged GST @ 18%. However, owing to some defect in the goods, Y Ltd. returned some of the goods by issuing debit note of Rs. 40,000 in the same month. Z Ltd. records the return of goods by issuing a credit note of Rs.40,000 plus GST in the same month. In this situation, GST liability of Z Ltd. for the month of May will be-

Rs. 45,900

Rs. 38,700

Rs. 53,100

Rs. 40,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.    ‘P’ Ltd. has its registered office, under the Companies Act, 2013, in the State of Maharashtra from where it ordinarily carries on its business of taxable goods. It also has a warehouse in the State of Telangana for storing said goods. What will be the place of business of ‘P’ Ltd. under  the GST law?

         

Telangana

Maharashtra

Both (a) and (b)

Neither(a)nor(b)

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.    The auditor’s _________ safeguards  the auditor’s  ability to  form an

audit opinion without being affected by any influences.

 

 

 

(a) Objectivity

(b) Independence

(c) Confidentiality

(d) Integrity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.    If the auditor is unable to agree to a change of the terms of the audit engagement and is not permitted by management to continue the original audit engagement, the auditor shall:

a.    Withdraw from the audit engagement where possible under applicable law or regulation;

b. Determine whether there is any obligation, either contractual or otherwise, to report the circumstances to other parties, such as those charged with governance, owners or regulators.

c.    Withdraw from the audit engagement where possible under applicable law or regulation and determine whether there is any obligation, either contractual or otherwise, to report the circumstances to other parties, such as those charged with governance, owners or regulators.

d. Withdraw from the audit engagement where possible under applicable law or regulation or determine whether there is any obligation, either contractual or otherwise, to report the circumstances to other parties, such as those charged with governance, owners or regulators

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.    In addition to the audit certificate in the prescribed form and various schedules, the auditor of a Co-operative society in the applicable State has to answer two sets of questionnaires called as

a.    Internal Control Questionnaires

b.    Audit Supplements

c.    Audit Memos

d.    Memorandum reports

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