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Accounts payable at the beginning Rs 250000
accounts payable at the end Rs. 190000
Credit purchases Rs. 200000
calculate cash payment in the form of accounts payable ledger.
plz solve this

Make  T- A/C for A/C Payable

Opening Balance                               250000

Credit Purchases                               200000

Cash Payement (Diff of all)260000

Less Closing Balance(should be)        190000

 koi past papers he solve kar ka post kar da

It Was very difficult exam.

Mcq's were not from past papers at all almost.

Other questions are as follow:

Q1-What is the accounting treatment of asset and rentals under operating lease in the books of lessee?

 

Q2-List down any three major items that can be used in determining cash flow from investing activities as per IAS-7.

 

Q3-Major Items used in Cash flow from investing activities as per IAS-7 are as follow:

 

Q4-If:

  • Retained earning at the beginning      Rs. 1,000
  • Dividend paid during the year            Rs. 500
  • Retained earning at the end                Rs. 2,500

Required: Prepare statement of retained earnings to determine net income.

 

Q5-Enlist the items which should be disclosed on the face of income statement as allocation of profit and loss for the period.

 

Q6-Discuss Contingent Liability as per IAS-37:

 

Q7-Enlist the situations which normally lead to a lease being classified as an Operating Lease.

 

Q8-Explain the difference between administrative and selling cost with appropriate examples.

 

Q9-Briefly describe Disclosure requirements of “Prior Period Errors” as per IAS-08.

 

Q10-The following information is available from Burger corporations for the year ended December 31, 2014.

 

Particulars

Rs.

Cash received from customers

870,000

Rent received

10,000

Cash paid to suppliers and employees

510,000

Taxes paid

110,000

Cash dividends paid

30,000

 

Required:

Prepare schedule to determine

 

Q11-Write down the conditions which are necessary for recognizing a provision as per IAS-37.

 

my todays Paper 

MCQ's were not about asking for IAS / Sections, some calculation based like compound interest / simple interest / Prent Value 

Subjective: 

Operating Activities 

Diff B/W Distribution Costs and Selling Cost

find PV of MLP 

Constructive Obligation 

IAS 8 if there is no IAS then how to manage company policy 

Students plz paper share karo plz
My today's paper

Mcq,s were a little bit tough and not from past papers mostly,,

Subjective q,s were,,
Recognition of provisions,
MLP includes?
Cost of goods include?
Find and correct the given values of Pv of future cash flows?
Revenue ans sale of good recognition,,
Write cf from financing activities,,

That's all I can remember,,,
Pray for me and best of luck,,

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