We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

www.vustudents.ning.com

 www.bit.ly/vucodes + Link For Assignments, GDBs & Online Quizzes Solution www.bit.ly/papersvu + Link For Past Papers, Solved MCQs, Short Notes & More

Dear Students! Share your Assignments / GDBs / Quizzes files as you receive in your LMS, So it can be discussed/solved timely. Add Discussion

# MID term past papers (2009,2010,2012)MCQ's.short notes

See the Attachment below :

+ How to Join Subject Study Groups & Get Helping Material?

+ How to become Top Reputation, Angels, Intellectual, Featured Members & Moderators?

+ VU Students Reserves The Right to Delete Your Profile, If?

Views: 4723

.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

Attachments:

# GT401 - Financial Accounting II-Current-Midterm-Subjective-Paper-2011

Total question = 32

Mcq’z = 28

2 question (3 marks each)

2 question (5 marks each)

Subjective questions.

3 marks each

1) Numerical: Calculation of value of stock using LIFO method

2) What do you know about financial liabilities?

5 marks each

1) Differentiate between FIFO & LIFO method. (5 marks)

2) Define long term liabilities. Which heads included in long term liabilities.

Shared by Sehrish Rao

1  Briefly discuss (5)

Historical cost

Current cost

Realizable value

2        Write down the component of financial statement with respect to the IASB FRAMEWORK..(3)

If balance janurary (1, 2008)        100 units,9 Rs per unit

Jan 1          received                      100 units,8 Rs per unit

Jan 3         issued                               100 units

Then calculate the value of inventories of January 3,2008 using weighted average method.(5)

Naive Enigma Thanks for sharing

always welcome

Note: (This is Featured Discussion)

For Important Helping Material related to this subject (Solved MCQs, Short Notes, Solved past Papers, E-Books, FAQ,Short Questions Answers & more). You must view all the featured Discussion in this subject group.

For how you can view all the Featured discussions click on the Back to Subject Name Discussions link below the title of this Discussion & then under featured Discussion corner click on the view all link.

Q1: According to IAS-16, at which value assets are initially
measured?

1-Cost
2-Revalued Amount
3-Carrying Amount
4-Fair Value

Q2: A machine has historical cost value of Rs.200,000 while
accumulated depreciation up to five years is Rs. 110,000 and
depreciation for 5th year is Rs. 15,000.What will be the carrying
value of the machine at the end of 5th year?

1-75000
2-295000
3-185000
4-None of the above

Q3: In which situation, company ABC and XYZ can be
interconnected?

1-Associated to Each Other
2-One is parent co. to another
4-All of the above

Q4: What is reflected by the Memorandum of Association (MOA)
of a company?

1-Operating procedures
2-Rules
4-All of the above

Q5: Which of the following represents the qualify Asset?

2-Work in progress
3-Site uder Construction
4-All of the above

Q6: Which of the following IAS deals with Inventories?
1-IAS-36
2-IAS-32
3-IAS-02
4-IAS-39

Q7: ABC Chemicals Ltd. acquired an asset in year 2005. After five
years, it has been assessed that the carrying value of asset is
significantly higher than its recoverable value. What does this
situation called in accounting language?

1-Impairment Loss
2-Depreciation
3-Carrying Loss
4-None of the above

Q8: Which of the following schedule of the Company Ordinance
1984 is related to the classification of intangible assets?

1-2nd
2-1st
3-4th
4-3rd

Q9: Which organizations are required special approvals from
SECP for their establishment?

1-Manufacturing firms
2-Non-profit organizations
3-Public Limited Co.
4-All of the above

Q10: Which of the followings is/are not allowed to be revalued in
accordance with IAS-16?

1-Plant
2-Office Equipment
3-Motor Vehicles
4-Investment Properties

See the Attachment below :

Attachments:

See the Attachment below :

Attachments:

See the Attachment below :

Attachments:

one more

MGT401 latest midterm 2011 subjective questions solved

Attachments:

TANKS ALLOTS :)

Thanx

## Latest Activity

7 minutes ago
7 minutes ago
11 minutes ago
Rana Ali liked Ateeqa's discussion Haqiqat Jaan Kar Aisi Himaqat Kon Karta Hai
1 hour ago
Rana Ali liked Rome's discussion *دستبرداری*
1 hour ago
Rana Ali liked иαвєєℓ αнмє∂'s discussion !!!!!"Aey Dil Tumhari MaRzI"!!!!
1 hour ago
1 hour ago
+ ! ! Sweetie ! ! + liked Rome's discussion *دستبرداری*
1 hour ago
1 hour ago
abdul ghafoor added a discussion to the group PSY631 Psychological Testing & Measurements

### solution required psy631 assignment 2.

2 hours ago
+ ! ! AɳƓєℓ ❥ liked иαвєєℓ αнмє∂'s discussion !!!!!"Aey Dil Tumhari MaRzI"!!!!
3 hours ago
3 hours ago

1

2

3