The need for keeping a record of income and expenditure is a clear and systematic manner has given rise to the subject of:
(a) Book keeping
(b) Accounting cycle
(c) Manufacturing
(d) None of these
Accounting
Current Ratio can be calculated as under
(a) Current Liabilities/Current Assets
(b) Current Assets/Current Liabilities
(c) None of these
Current Ratio can be calculated as under Read More »
Conversion Cost is calculated as under
(a) Labour Plus Materials
(b) Labour plus overheads
(c) None of these
Conversion Cost is calculated as under Read More »
An auditor is liable under the following circumstances
(a) Third Party Liabilities
(b) Fraud perpetrated in highly sophisticated circumstances
(c) None of these
An auditor is liable under the following circumstances Read More »
Sugar used in a sugarcane company is
(a) Variable cost
(b) Fixed cost
(c) None of these
Sugar used in a sugarcane company is Read More »
Return on investment is computed
(a) Investment/Profit x 100
(b) Profit x 100/Investment
(c) None of these
Return on investment is computed Read More »
Banks, for the preparation of financial statements, are governed under
(a) Banking Companies Ordinance, 1962
(b) State Bank of Pakistan Act
(c) None of these
Banks, for the preparation of financial statements, are governed under Read More »
Work Sheet is
(a) Balance Sheet
(b) Fund Flows Statement
(c) A combination of Profit and Loss Account and Balance Sheet items
(d) None of these
Acid Test Ratio is calculated as under:
(a) Current Assets/Current Liabilities
(b) Fixed Assets/Current Liabilities
(c) Liquid Assets/Current Liabilities
(d) None of these
Acid Test Ratio is calculated as under: Read More »