ශ්‍රිලංකා බැංකු කරුවන්ගේ ආයතනයේ ගිණුම්කරණය සහ විගණනය පිලිබද MCQ ප්‍රශ්න පත්‍රයක් සකස්කර දෙන්න

Accounting and Auditing for the Institute of Bankers of Sri Lanka.

Here are some MCQ questions:

1. According to the Companies Act, No. 7 of 2007, what is the minimum number of directors required for a public limited company in Sri Lanka? a) 1 b) 2 c) 3 d) 4

2. Which accounting standard deals with the presentation of financial statements? a) IAS 1 b) IFRS 9 c) IAS 16 d) IFRS 15

3. In auditing, what is the primary objective of an independent auditor? a) To detect all fraud in the company. b) To express an opinion on the fairness of the financial statements. c) To ensure the company complies with all laws and regulations. d) To provide management with accounting advice.

4. Which of the following is a current liability for a bank? a) Premises and equipment b) Loans and advances to customers c) Deposits from customers d) Share capital

5. What does the term "going concern" mean in accounting? a) The company is profitable. b) The company is expected to continue operating for the foreseeable future. c) The company has sufficient cash reserves. d) The company's assets are greater than its liabilities.

6. Which type of audit opinion is issued when the financial statements are presented fairly, in all material respects? a) Qualified opinion b) Adverse opinion c) Disclaimer of opinion d) Unqualified opinion

7. What is the main purpose of internal controls in a bank? a) To maximize profits. b) To safeguard assets, ensure accuracy of records, and promote operational efficiency. c) To prepare financial statements. d) To conduct external audits.

8. Which of the following is an example of a non-performing loan (NPL) for a bank? a) A loan where interest and principal payments are up-to-date. b) A loan where interest or principal payments are overdue by 90 days or more. c) A loan secured by adequate collateral. d) A newly disbursed loan.