Current maturity of long term loan is:
(a) Current Liability
(b) Long Term Liability
(c) None of these
Current maturity of long term loan is: Read More »
Accounting
There is a difference between:
(a) Worksheet and Balance Sheet
(b) Worksheet and profit and loss account
(c) Worksheet as combination of results of profits and financial positions
(d) None of these
There is a difference between: Read More »
Return of Equity will be calculated as under
(a) Operating Profit x 100/Equity
(b) Net profit x 100/Paid up Capital only
(c) None of these
Return of Equity will be calculated as under Read More »
Deferred Taxation amount be treated as
(a) Foot note
(b) An item in the Balance Sheet on asset side
(c) None of these
Deferred Taxation amount be treated as Read More »
Preparation of annual report of a firm is governed under
(a) Partnership Act 1932
(b) Under partnership Deed
(c) None of these
Preparation of annual report of a firm is governed under Read More »
Inventory turnover is calculated as under
(a) Cost of Goods sold/Closing Inventory
(b) Gross profit/Closing Inventory
(c) Sales/Opening Inventory
(d) None of these
Inventory turnover is calculated as under Read More »
Depreciation is based on
(a) Economic life of asset
(b) Declared life of asset by supplier
(c) Normal life of asset
(d) None of these
Depreciation is based on Read More »
Preparation of final financial reports is governed in Pakistan under
(a) No law
(b) Companies Ordinance 1984
(c) None of these
Preparation of final financial reports is governed in Pakistan under Read More »
Economics resources of a business that are expected to be of benefit in the future are referred to as:
(a) Liabilities
(b) Owner’s equity
(c) Withdrawals
(d) Assets
(e) None of these