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Fani Warraich
MANAGEMENT SCIENCES
-
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
-
Cost & Management Accounting
Sales budget must be prepared
A. Depending on production capacity.
B. Based on marketing efforts.
C. Based on average market volume.
D. Based on Sales forecasts of market.
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
-
Cost & Management Accounting
Break Even can be calculated as under
A. FC I- VC TR.
B. ______VC_______ FC - TR TC.
C. All of these.
D. None of these.
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Flexible budget is a budget with the following features
A. Changes with variable expenses.
B. Changes with fixed expenses.
C. Changes with volume of production.
D. Remains the same.
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.
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MANAGEMENT SCIENCES
Financial Accounting
Cost & Management Accounting
Management
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Governance & Public Policies
b and c are same. why?