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Question
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Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Cost volume profit analysis is the method used to estimate the impact on profit is of changes in
A. Sale volume.
B. Unit sale price.
C. Unit variable cost.
D. All of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
The master budget comprises of
A. A balance sheet.
B. An income statement.
C. Cash budget.
D. All of above.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
The valuation of closing stock is at
A. Market price or cost whichever is lower.
B. Market price.
C. Cost price.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Preliminary expenses are
A. Deferred cost.
B. Prepaid expenses.
C. Ficticous assets.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
A prospectus for share can be issued only by
A. A private company.
B. A public company.
C. Semi Government.
D. Autonomous bodies.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
In the event of dissolution of a partnership firm the provision for doubtful debts is transferred to
A. Liquidation account.
B. Suspense account.
C. Realization account.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Rent paid to the land lord should be credited to
A. Cash account.
B. Rent account.
C. Landlord account.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Financial Accounting
Accounting principles are generally based on the principle of
A. Subjectivity.
B. Ease of recording.
C. Practibility.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Public Finance
With reference to the “G20 Common Framework”, consider the following statements. 1. It is an initiative endorsed by the G20 together with the Paris Club. 2. It is an initiative to support Low Income Countries with unsustainable debt. Which of the statements given above is/are correct?
A. 1 only.
B. 2 only.
C. Both 1 and 2.
D. None of these.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Public Finance
Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following
A. United Nations Environment Programme Finance Initiative.
B. International Monetary Fund.
C. Asian Development Bank.
D. World Bank.
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MANAGEMENT SCIENCES
Financial Accounting
Cost & Management Accounting
Management
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Governance & Public Policies
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