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Fani Warraich
MANAGEMENT SCIENCES
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Financial Accounting
The requirements of an audit report for a Banking Company in Pakistan is under
A. Under the Banking Companies Ordinance, 1962.
B. Under the Companies Ordinance, 2017.
C. Under the Companies Ordinance, 2017.
D. A & B above.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Retained earning is synonymous to
A. Net profit of the year.
B. Accumulated profit and loss.
C. Net loss of one year.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Consolidation of subsidiary accounts in the balance sheet of a unlisted Holding company is at present in Pakistan
A. Voluntary.
B. Compulsory.
C. Not required.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
In straight line method of depreciation, the written down value of a fixed asset will be at the end of the life of the asset as under
A. 10% of the total value.
B. Rupee 0.
C. Half of the total cost.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Quick Ratio can be computed as under
A. Quick assets / Quick liabilities .
B. Quick assets / Current liabilities.
C. Current assets / Current liabilities.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
In Insurance, the following Profit and Loss Accounts are prepared
A. Consolidated for Fire, Marine, and Accidents etc..
B. Separate for Fire, Marine, and Accidents etc.
C. Partially consolidated for Governments.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Balance Sheet is always prepared
A. For the year ended.
B. As on a specified date.
C. Till date.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Depreciation in spirit is similar to
A. Depletion.
B. Depression.
C. Amortization.
D. Deletion.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Funds Flow Statement and sources and application statement are:
A. Antagonistic.
B. Synonymous.
C. None of these.
D. All of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Financial Accounting
Double entry book-keeping was fathered by?
A. F.W.Taylor.
B. Lucas Pacioli.
C. Henry Fayol.
D. Edward Saeed.
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MANAGEMENT SCIENCES
Financial Accounting
Cost & Management Accounting
Management
Public Administration
Corporate Finance
Financial Management
Taxation Management
Marketing
Human Resource Management
Operations & Production Management
Audit & Assurance
Public Finance
Investments & Portfolio Management
Ethical & Professional Standards & Responsibilities
Strategic Management
Business Administration
Entrepreneurship
Governance & Public Policies
b and c are same. why?