t3 qtn 3 marks thy n 3 qtn 5 marks k thy Q =earning per share find krna tha.

5 Q =5 statement di gai thi jin ma sy ap ny btana tha k konsi activity e.eg operatng activity. 5 Q =restortion aik qtn tha .5 Q= write down the component of cash flow. 3 Q =opening retain,closing retain earning and dividend diya hua tha ,then finf net income. 3 Q =lease amount di gai,fv n pv diya hua.lessee ki buk journal enteries pass krni thi. 3 n mcqz zyda tr lease ma sy aiy huy thy
Q no. 1: Draw the format of profit and loss appropriation account? Q no. 2: Admin expenses and gives examples? Q no. 3 and Q no. 4 related to IAS17 lease which was numerical type? Q no. 5: Cash flow from investing activities which was numerical type? Q no. 6: kinds of financial assets? Q no. 7: A/R ledger account, information was given? Mostly MCQ's were related to IAS17, IAS7, IAS10 and some related to Sections like sec 95A,96,97,98,157,158,

n financial year 2010, a company XYZ (Pvt.) Ltd. was established with registered office in Islamabad. According to Companies Ordinance 1984, what will be the maximum number of shareholders of company XYZ (Pvt.) Ltd.? Select correct option: 7 20 50 15

:A Private limited company can be formed at least by: Select correct option: 2 members 3 members 1 member 07 members

Which of the following is/are example(s) of development activities? Select correct option: The design of tools, jigs, moulds and dies involving new technology The design, construction and testing of pre-production or pre-use prototypes and models The design, construction and operation of a pilot plant All of the given options

Which of the following is an artificial person recognized by law? Select correct option: Limited company Partnership Sole-proprietorship Trust

What is the minimum limitation for subscribers for holding shares of the company? Select correct option: One share Five shares Ten shares Hundred shares

In which situation, a company will be treated as related party? Select correct option: If it has the ability to control the other company If it has significance influence over financial and operating matters of other company

If it is associated with other company All of the given options

In how many categories companies are classified according to Section 15 (2) of Companies Ordinance 1984? Select correct option: 3 2 5 4

Which one of the following is an appropriation by a limited liability company? Select correct option: Directors' salaries Free Sample Distribution Dividends Loan interest

Which organization does not necessarily required share capital at the time of incorporation? Select correct option:

Bank University Insurance Company Private Limited Company

Which of the following entities is not profit oriented entity? Sole propietorship partnership companies foundations

Which of the following IAS deals with Revaluation of Assets?

IAS-16 IAS-07 IAS-01 IAS-23

Written down value of an asset = ----------------

Original cost Accumulated depreciation Original cost Appreciation Book value Accumulated depreciation Original cost Salvage value

A Private limited company can be formed at least by: 2 members 3members 1 member 7 members

Which one of the following is(are) recorded under the Equity section of the Balance Sheet? Share Premium Reserves Accumulated Profit All of the given options

Which of the following is (are) intangible resources for a company?

Software licensing Royalty Production rights All of the given options

According to IAS-16, which of the following asset has unlimited life? Building Motor Vehicle Machinery Land

Which of the following represents the Qualifying Asset?

Inventory routinely manufactured Asset ready for use Manufacturing plants None of the given options

Which of the following is recorded under Long Term Liabilities section of the Balance Sheet?

Debentures Creditors Provision for Taxation Dividend Payable

In which of the following situations a company operates beyond the scope of its objectives enlisted in Memorandum of Association (MOA)? Ultra Virus Ultra Violence Ultra Vires Ultra Wires

Which of the following may consist of more than 20 persons in case of partnership? Firms of Lawyers Firms of Doctors Firms of Associates All of the given options NOT CONFIRM

In which document the information about how to run the business is stated?

Memorandum of Association Memorandum of Understanding Articles of Association Annual Report

How the significant influence of investing company can be observed?

As member of the Board of Directors (BODs) of the investee company operating policy making process of the investee company transaction between investor and investee companies All of the given options

If ABC Co. acquires the production rights from XYZ Co. as part of its business combination then at which value ABC will record the cost of acquiring the production rights in its books of accounts at the time of acquisition?

fair value book value

realization value replacement value

Which of the following is original and planned investigation undertaken with the prospect of gaining new scientific or technical knowledge and understanding? Select correct option:

Research Development Audit Accounting

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